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
Bulgarian authorities are pushing hard for new negotiations on the South Stream pipeline project, a Russian Deputy Energy Minister has said.
South Stream was ditched by Russian President Vladimir Putin in December of 2014. It was designed to carry gas under the Black Sea to Central Europe via Bulgaria and Serbia, but Putin cited EU opposition, which resulted in Sofia not issuing construction permits for the offshore section, as a reason to end the project.
But on Thursday Yury Sentyurin, Russian Deputy Energy Minister, was quoted by RIA Novosti as saying his ministry had received information that Bulgaria was working to renew the pipeline project.
"At list this is the information that reached our ministry," Sentyurin told reporters.
Russian daily Vzglyad reminds that Bulgarian MPs already turned down a proposal by nationalist Ataka party (one known for its staunchly pro-Russian positions) to renew construction activities.
Earlier this year, reports had emerged that South Stream was to be restarted, but both countries' governments dismissed them.
Thursday's developments, however, follow Russian energy giant Gazprom's announcement made at the end of February that a new Black Sea gas supply route will be used for deliveries to Greece and further on to Italy - a move that fuelled speculation the so-called ITGI Poseidon project was aimed at reviving South Stream and would bring Russian gas back to Bulgaria.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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