Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Building a gas distribution centre in Bulgaria to serve South Eastern Europe and the EU would cost EUR 2.2 B, Prime Minister Boyko Borisov said on Monday.
Addressing the first meeting of the high-level group on the construction of gas links in Central and South Eastern Europe, Borisov said that Bulgaria is offering a number of advantages that make it suitable for becoming a gas hub.
“Bulgaria has a well-designed national gas transmission grid, a gas depot, and domestic oil and gas fields, which are being developed. These are just some of the advantages and opportunities that our country offers,” Borisov said.
According to the European Commission, “timely implementation of infrastructure is particularly important in view of the vulnerable situation of the Central Eastern Europe and South East Europe region.”
The objective of the high-level group is to establish a regional priority infrastructure roadmap and advance its implementation in order to develop missing infrastructure and improve security of gas supplies, the EU Commission and the representatives of Austria, Bulgaria, Croatia, Greece, Hungary, Italy, Romania, Slovenia and Slovakia said in a joint statement following the meeting in Sofia.
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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