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
The European Commission has requested Gazprom to provide information related to allegations of abuse of the Russian company’s dominant position in the Bulgarian wholesale gas market, Reuters reported on Tuesday.
The information sought by the EU executive body is connected to “an alleged violation of EU antitrust legislation related to natural gas supplies to Bulgaria," Gazprom said in a prospectus for a eurobond last week, according to Reuters.
The Commission was looking separately into the alleged interruption of gas deliveries from Gazprom to Bulgaria's Overgas, a gas distribution company 50% owned by Gazprom’s export arm, the newswire added, citing an EU source.
"The European Commission is closely following the competitive conditions as regards the Bulgarian gas market," the Commission spokesman, Ricardo Cardoso has told Reuters.
Bulgaria, which relies almost entirely on Russian gas to meet its needs, imports about three billion cubic meters of gas a year from Gazprom via a pipeline transiting Ukraine.
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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"
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