What is Gross Fixed Capital Formation

Energy is considered the main input for economic and industrial development. In this context, it is important that countries develop sustainable energy policies in order to meet economic growth and energy demand. Government policies play a critical role in economic growth and incentives for innovation. This chapter summarizes Bulgaria's energy policies as an increasingly important energy transit country due to its strategic location. These policies were presented in line with the European Union energy policies and the solutions of the characteristics of the country. Some of the targets to be implemented are as follows: ensuring energy supply security, achieving RES share targets, energy efficiency improvements, development of a competitive energy market, safe energy needs and protection of consumers, establishment of the necessary infrastructure and diversification of energy resources, strengthening the external relations and solidarity coordinated in the field of energy.