Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Russian energy giant Gazprom has lowered its projected gas deliveries to Europe this year.
The company plans to export 158 bcm of gas to Europe and a combined 56 bcm to the Baltics and the Community of Independent States (CIS), compared to 2013's 161 bcm and 59.4 bcm, respectively, as the Russian website Lenta.ru reports citing data from the company.
This comes against the background of reports of increased energy demands in the regions.
Russia has announced it will turn eastwards to sell more gas to the Asia-Pacific countries if the EU imposes sanctions over the Ukraine crisis.
It has also sealed a historic agreement with China to deliver gas worth USD 400 B over the next thirty years.
Europe is meanwhile debating on its energy security and looking into ways to reduce dependence on Russian supplies.
It has also put under pressure countries like Bulgaria to amend legislation on the South Stream pipeline project, which will deliver Russian gas to the southeastern and central parts of the continent. Brussels is seeking to make the project comply with EU legislation and with the provisions of the Third Energy Package.
Lenta.ru, however, reminds that states like Turkey are also showing interest in the pipeline and are considering the option of "hosting" South Stream pipes instead of Bulgaria if the latter suspends the project.
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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