Russian Drone Strikes Ravage Ukraine
Russian forces have launched a devastating drone attack across the entirety of Ukraine, leaving a trail of destruction and casualties in its wake
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The scandal, which shattered the Bulgarian government, following the signing of an agreement with Rosatom Corp on Belene nuclear power plant, is close to a beneficial for Russia resolution, according to local media.
"Bulgaria's Prime Minister Boyko Borisov has defended and reinstated Krasimir Parvanov, head of Bulgaria's National Electricity Co [who signed the accord]. One of the main reasons for this loyalty stems from the threats that the Russian side would have had reason to take Bulgaria to court for an unfulfilled contract and seek to be paid EUR 1 B in damages," the Russian Komersant wrote in its latest issue.
"It must be pointed out that Belene is the only chance for Russia to build in the medium term a nuclear power plant on the territory of the European Union. This is the reason why Russia's nuclear lobbyists are very keen to make sure the Bulgarian door stays open," Nezavisimaya Gazeta newspaper comments.
The article stresses that during the negotiations for constructing a 2,000 megawatt nuclear plant on the Danube, in the north of the country, both sides have resorted to open blackmail – the Bulgarians threatened to drop Atomstroyexport, while the Russians said they would take the case to court and seek damages.
The head of the National Electric Company NEK Krasimir Parvanov signed on Tuesday an agreement with Rosatom's subsidiary Atomstroyexport that potentially threatens Bulgaria's national interests by obliging the Bulgarian government to reach a final agreement with the Russians on Belene by June 1, 2001.
The sneaky move was slammed by the Economy and Energy Minister Traicho Traikov and led to Parvanov's dismissal, which was eventually overturned by Prime Minister Boyko Borisov.
Borisov harshly criticized the minister's hasty and emotional reaction and threatened him with being kicked out of office.
It turned out that Parvanov has coordinated his actions with Deputy Prime Minister Simeon Djankov, who oversees finance and economy.
It is still an open question whether the signed document is legally binding. The issue has stirred heated debates in Bulgaria as it comes before the two sides agree on the price of the project and conduct safety checks.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022