European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The Turkish Foreign Minister Mevlut Cavusoglu announced that the Trans Anatolian Natural Gas Pipeline (TANAP), part of the EU-backed Southern Gas Corridor, is the priority project of Turkey.
Cavusoglu said that Turkey is to review the proposal of Russian President Vladimir Putin for the construction of an alternative route through Turkey that is to bring gas to Greece and other European countries, following the announced cancellation of South Stream.
The Foreign Minister said that so far there was only a memorandum of understanding with Russia, which did not mean that TANAP was put in the background.
Cavusoglu met with his counterparts from Azerbaijan and Georgia in Kars on Wednesday, where the three foreign ministers discussed energy and transport projects, including the latest Russian proposal.
Turkey is still cautious towards Putin's proposal as it might increase the country's dependency on Russian gas.
TANAP is expected to transport natural gas from the Shah Deniz gas field in Azerbaijan through Georgia and Turkey, to the Greek border, where it will connect to the Southern Gas Corridor.
Cavusoglu expressed the importance of TANAP for both Georgia and Europe, pointing that the natural gas pipes have already been ordered and the project will be completed.
The Azerbaijani Foreign Minister Elmar Mammadyarov and his Georgian counterpart Tamar Beruchashvili also expressed their support for TANAP and its importance for the region and Europe.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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