IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Russian companies have expressed an interest in modernizing energy sites in Bulgaria. This was announced by Minister of Energy Temenujka Petkova, who participated in Moscow at the fourth meeting of the Working Group "Energy", part of the Intergovernmental Bulgarian-Russian Commission for Economic and Scientific and Technological Cooperation. Russia's Energy Minister Alexander Novak also participated in the opening session.
For example, the PAO "Power Machines" is interested in the possible extension of the co-operation in reconstruction of TPP "Maritza East" 2, TPP Bobov dol, TPP Sofia, as well as other energy objects. The company is ready to continue to actively participate in the modernization of the equipment for Kozloduy NPP.
Rakurs Engineering has confirmed its readiness to participate in the restoration of hydro power capacity in Bulgaria and to assist in the implementation of digital technologies in Bulgarian thermal power plants.
The National Union for Energy Saving of the Russian Federation is interested in the realization of joint projects in the field of the complex modernization of the Bulgarian coal-fired power plants according to the new European environmental requirements. Bulgarian power plants are currently evaluating the investments they need to introduce new cleaning technologies for sulfur dioxide, nitrogen oxides and mercury, to reduce pollution levels if they want plants to work after 2021, Mediapool said. The rough estimates reach about EUR 1 billion.
In the field of nuclear energy, Bulgaria and Russia have evaluated as successful the multi-year cooperation in the provision of nuclear fuel and related services to Kozloduy NPP. For example, with the active assistance of the Russian side, the activities to extend the Nuclear Power Plant's 5th term of operation to 60 years have been successfully completed and the sixth block program is being implemented. During the Russian meeting, they confirmed Rosatom's interest in taking part in the decommissioning projects of Units 1 to 4 of our nuclear plant. These activities are funded through the International Kozloduy Fund.
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The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
Prime Minister Nikolai Denkov addressed concerns over the long-term storage of nuclear waste during a parliamentary control session in Bulgaria today
Effective March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation
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In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
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