Military Budget Disparity Between Ukraine and Russia Deepens Despite US Aid Package
The US Congress has finally approved a long-awaited aid package for Ukraine, totaling nearly 61 billion USD, including military assistance
Austrian energy concern OMV has assured restrictive EU measures against Russia will not put a wheel on the South Stream gas pipeline project.
The company's CEO Gerhard Roiss was quoted by Austrian daily Kurier as comparing a ban on the construction of South Stream to "shooting oneself".
He dismissed any likelihood that sanctions could have an impact on the project.
Roiss also made clear that Russian gas supplies were reaching Austria unhindered "despite the civil war in Ukraine".
OMV's chief executive also downplayed fears that the gas pipeline, which is to reach Austria after via Bulgaria, Serbia and Hungary, could fail to start gas deliveries due to Brussels's refusal to give it the green light.
He reminded that an "offshoot" of Nord Stream (supplying Germany with Russian gas), called Opal, had become operational, despite the fact that no agreement was reached between Berlin and the EU Commission on that matter.
Roiss' comments come against the backdrop of the sector sanctions which EU leaders imposed on Moscow last week over its actions in the Ukraine crisis.
EU member states approved a ban on exporting oil technology and investment into economic development projects.
OMV inked a deal on South Stream with Russian energy concern Gazprom in July.
The event followed EU Commission's demand that the project be halted until discrepancies with Russia over its legal framework are smoothed out.
Bulgaria listened to the Commission's call and halted activities.
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Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
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
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022