Concession of Sofia Airport: EUR 608 Million For 35 Years
"Today's signing of the concession at Sofia Airport is indicative that our European partners are welcome in Bulgaria.
The investments in the Varba-Batantsi mine near Madan, which is to open in July, amount to around BGN 15 M.
Sergey Atanasov, CEO of Bulgaria's Gorubso Madan metal mines, announced that a total of 120 people were working at the Varba-Batantsi mine, with 150 people to be involved in the production process, according to reports of the Bulgarian National Radio.
Atanasov explained that the company was seeking to launch the mine as soon as possible because it was generating costs without producing anything.
"In order to start, we need to secure a production of at least 3000 – 4000 tonnes. We need at least 4-5 units to be launched for this purpose. Preparations are underway. 3 units are ready but we cannot start with them because they cannot yield more than 1000 – 1500 tonnes," Atanasov stated.
In end-March 2012, Varba Batantsi, an association of KCM 2000 and Minstroy Holding, acquired over 90% of the shares of lead and zinc mine Gorubso-Madan, thereby putting an end to miners' protests over unpaid wages totaling BGN 1.2 M.
A 35-year lead and zinc mining concession was signed in end-May 2012.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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"
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022