Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Russian company Transneft has not given up on the Burgas-Alexandroupolis oil pipeline project, the company's Deputy President Mikhail Barkov has revealed.
The project is suspended, Barkov has said, as cited by RIA Novosti. However, he has pointed out that it would take just several months for the pipeline to be built if it is revived.
The project's supervisory body will hold a meeting on March 13.
In the beginning of February, Bulgaria paid off a EUR 4.7 M euro debt to Russia for its withdrawal from the construction project of the Burgas-Alexandroupolis oil pipeline. The country is expected to pay interests later.
In December, Bulgaria's government announced it would terminate its participation in the Burgas-Alexandroupolis oil pipeline project, explaining that it was economically unfavorable for the country.
Bulgaria's Finance Minister Simeon Djankov revealed that his country will seek a termination of the trilateral intergovernmental agreement by mutual consent and if the request is rejected, it will pull out of the oil pipeline project in 12 months, as one of the clauses of the contract stipulates.
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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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022