Bulgaria Denounces Russian Presidential Elections in Occupied Ukrainian Territories
Bulgaria has taken a firm stance against the recent Russian presidential elections held in the illegally occupied territories of Ukraine
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Russian Stroytransgaz consortium will build the Bulgarian stretch of the South Stream gas pipeline, it was revealed.
A major shareholder (63%) in Stroytransgaz is Volga Group, owned by Gennady Timchenko, who was placed on the US's sanctions list against Russia in mid-March. He is believed to be the 6th richest man in Russia, according to Forbes, and with close ties to President Vladimir Putin.
Bulgaria's Capital daily reported earlier this year that Stroytransgaz has expressed interest in building the pipeline, but official confirmation came on Tuesday by Vladimir Inkov, executive director of South Stream Bulgaria.
Stroytransgaz's main Bulgarian partner in the project will be Gazproekt Yug (South), which includes several major construction companies.
The tender for South Stream's construction in Bulgaria opened in December 2013. A total of 11 companies from Austria, Japan, Belgium, Germany, Italy, India, Russia, Switzerland, and Bulgaria took part.
Despite the European Commission's recommendations for renegotiation of the South Stream project, Gazprom CEO Alexey Miller confirmed last month that the building of the pipeline's ground stretch in Bulgaria and Serbia will begin in July.
Bulgaria also faces pilot procedures in the European Commission over controversial amendments to the status of South Stream, which are allegedly not in line with EU law.
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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
Prime Minister Nikolai Denkov addressed concerns over the long-term storage of nuclear waste during a parliamentary control session in Bulgaria today
Effective March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation
"Bulgargaz" suggests an 18% decrease in natural gas prices starting next month
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion