Expansion Underway: Sofia Airport Terminal 2 to Add 1000 New Parking Spaces
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
Bulgarian President Georgi Parvanov and the Governor of the Chinese province of Guangdong Wang Yang discussed opportunities for Chinese investment in Bulgarian nuclear energy.
Mr. Wang Yang is on an official visit to Bulgaria to discuss possible Chinese investment in the country. The southern Guangdong province is China's most populous and, once rural and underdeveloped, now boasts the highest GDP of the People's Republic for 2009, totaling USD 572 B.
Last week the Guangdong city of Shenzhen marked the 30th anniversary of the creation of a special economic zone in it.
The two leaders expressed satisfaction at close and friendly relations between China and Bulgaria and vowed to develop them further.
President Parvanov pointed out that Bulgaria offers excellent conditions for business development, some of the best tax laws in the EU, and qualified workers, and expressed the hope that the Chinese delegation would have many beneficial meetings in Sofia.
The Guangdong governor stated that Bulgaria does indeed have great potential for business partnership in trade and investments.
Talk of a Chinese investment in the future Belene NPP project started when it became apparent that a possible Serbian participation in the NPP might be financed with Chinese funds.
China has recently expressed the wish to invest in major Bulgarian industry projects.
Bulgaria's Litex Motors in Lovech will start producing cars in 2011 after signing a deal with Great Wall Motor Company, one of China's biggest automotive manufacturers. The total initial investment is around EUR 80 M, potentially reaching EUR 300 M if the project is successful.
Furthermore, it was recently announced that Bulgaria and China will create a joint company to build and operate an industrial and business park in Bozhurishte nearby capital Sofia.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
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