Business » Energy

Bulgaria-Greece Gas Link Ahead of Schedule - Energy Minister

Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov has dismissed as "mere speculation" allegations that Bulgaria would not receive its rightful share of EU funds for the construction of the gas grid interconnections with Romania and Greece

Business » Energy | December 7, 2011, Wednesday // 17:35 | Viewed: 1526

EVN Unit in Bulgaria Gets Ok to Become Public Co

Bulgaria's financial regulator has greenlighted the listing of the government's 33% minority stake in the local unit of Austria's EVN AG on the local stock exchange.

Business » Energy | December 7, 2011, Wednesday // 16:33 | Viewed: 1239

Russia Startled by Bulgaria's Scrapping of BA Oil Pipeline

Russia's oil company Transneft has expressed dismay at the decision of the Bulgarian government to kill the project for the Burgas-Alexandroupolis oil pipeline, according to its representatives.

Business » Energy | December 7, 2011, Wednesday // 16:07 | Viewed: 1817

Bulgaria's Neftochim Refinery to Start Reporting Export Volumes Real-Time by End-2012

Bulgaria's Burgas-based Lukoil Neftochim has installed electronic measuring devices allowing the real-time transmission of fuel volume data to the customs authorities but information concerning fuel export has not been included at this stage.

Business » Energy | December 7, 2011, Wednesday // 14:45 | Viewed: 1615

Bulgaria Energy Min Blames Partners for Oil Pipeline Demise

Greece and Russia's failure to fulfill their commitments forced Bulgaria to walk out of the Burgas-Alexandroupolis pipeline deal, the country's energy minister has said.

Business » Energy | December 7, 2011, Wednesday // 14:34 | Viewed: 1800

Bulgaria Abandons Burgas-Alexandroupolis Oil Pipeline

Bulgaria will terminate its participation in the Burgas-Alexandroupolis oil pipeline project, said Deputy Prime Minister and Finance Minister Simeon Djankov after Wednesday's Cabinet session.

Business » Energy | December 7, 2011, Wednesday // 13:05 | Viewed: 2743

Amid Court Claims, Russia Offers 'Unique Bargain' for Bulgarian Belene NPP

Russian nuclear energy company Rosatom's price offer for Bulgarian Belene NPP is spectacularly low and Bulgaria should hasten to accept it, said Rosatom's vice-director Kirill Komarov.

Business » Energy | December 6, 2011, Tuesday // 17:53 | Viewed: 1278

Energo Pro Needs License to Start Power Supply Business in Bulgaria

Energo Pro, the new owner of energy distribution grid in Northeast Bulgaria, will have to undergo a licensing procedure by the local energy watchdog before it it takes over the business of German E.ON, said Traicho Traikov, Minister of Economy, Energy and

Business » Energy | December 6, 2011, Tuesday // 12:16 | Viewed: 1322

CEZ, EVN Won't Sell Bulgarian Units Like E.ON - EconMin

Czech firm CEZ and Austrian firm EVN have no intention of selling their majority shares in the Bulgarian power utilities that they own, according to Bulgarian Economy and Energy Minister Traicho Traikov.

Business » Energy | December 5, 2011, Monday // 18:12 | Viewed: 1343

AES Geo Energy Plans 2nd Wind Park in Northeast Bulgaria

AES Geo Energy, a joint company between US energy giant AES and Bulgarian-German enterprise Geo Power is planning to build a second wind power park in Northeastern Bulgaria, Geo Power Manager Thomas Funke has announced.

Business » Energy | December 5, 2011, Monday // 17:02 | Viewed: 2204

Watchdog Head Downplays Sale of E.ON Bulgaria Power Utility

Angel Semerdzhiev, Chair of the State Commission for Energy and Water Regulation (DKEVR), has given assurances that the sale of power distributor E.

Business » Energy | December 5, 2011, Monday // 16:36 | Viewed: 1137

Bulgaria's Lukoil Refinery to Meet State Demands by Jan 15 - Customs Head

Vanyo Tanov, head of Bulgaria's Customs Agency, has assured that all excise duty leaks in cigarette sales have been plugged.

Business » Energy | December 5, 2011, Monday // 15:37 | Viewed: 1437

E.ON Left Bulgaria Due to Hostile Climate - Analysts

German company E.ON has decided to shed its Bulgarian power utility E.ON Bulgaria due to an overregulated market and political attacks by senior government officials, according to Bulgarian comentators.

Business » Energy | December 3, 2011, Saturday // 16:35 | Viewed: 2171

E.ON Sheds Bulgaria Business to Czech Energo Pro

German electric energy company E.ON has agreed to sell its Bulgarian unit E.ON Bulgaria to private Czech company Energo Pro.

Business » Energy | December 3, 2011, Saturday // 16:05 | Viewed: 1902

Gazprom Neft Sets Eyes on Another 7 Filling Stations in Bulgaria

Russia's Gazprom Neft plans to buy another 7 filling stations in Bulgaria.

Business » Energy | December 1, 2011, Thursday // 14:04 | Viewed: 1446

Overgas Sees 12% Y/Y Increase in Gas Sales in Eastern Bulgaria

Overgas Iztok AD, the gas distribution subsidiary of Bulgaria's biggest private natural gas supplier, has registered a 12% year-on-year increase in sales for the period January 01-October 31.

Business » Energy | November 30, 2011, Wednesday // 17:04 | Viewed: 1374

Construction of Bulgaria-Turkey Gas Grid Interconnection to Start Within 1 Year

The construction of the Bulgaria-Turkey gas grid interconnection may start within a year, according to Traicho Traikov, Bulgarian Minister of Economy, Energy and Tourism.

Business » Energy | November 29, 2011, Tuesday // 15:16 | Viewed: 1679

Shell Bulgaria Seeks to Take Control of 2 Litex Filling Stations

Shell Bulgaria has sought competition clearance for taking control of two sites of the Litex filling station chain.

Business » Energy | November 28, 2011, Monday // 15:32 | Viewed: 2007

Bulgaria's Gas Stations to Report Real-Time to Revenue Agency

By end-March 2012, all filling stations in Bulgaria must install automated electronic systems reporting volumes of fuel sold to the revenue administration.

Business » Energy | November 24, 2011, Thursday // 16:15 | Viewed: 1256

Bulgarian Socialists Table Draft Bill Banning Shale Gas Drilling

The Bulgarian Socialist Party (BSP) has has tabled in Parliament a draft bill envisaging a ban on shale gas exploration and production in the country.

Business » Energy | November 24, 2011, Thursday // 14:54 | Viewed: 1437

Brussels: EU to Pay Bulgaria Extra EUR 185 M for Nuclear Dismantling

The European Commission proposed on Thursday to secure an additional EUR 185 M from 2013 to help Bulgaria dismantle four Soviet-era reactors at its sole nuclear power plant in Kozloduy.

Business » Energy | November 24, 2011, Thursday // 14:24 | Viewed: 1399