Business » Energy

Nabucco 'Legally Finalized' as Transit States Sign Project Support Agreements

The legal framework for the Nabucco gas pipeline has been finalized as the five transit countries - Austria, Bulgaria, Hungary, Romania and Turkey – have signed Project Support Agreements (PSAs) with the Nabucco Consortium.

Business » Energy | June 8, 2011, Wednesday // 15:00 | Viewed: 2926

Finance Minister Confirms Ongoing Probe of Lukoil Bulgaria

The Bulgarian Customs Agency is conducting inspections at a number of companies in the fuel sector, including Lukoil, the biggest player on the market, according to Deputy Prime Minister and Finance Minister Simeon Djankov.

Business » Energy | June 8, 2011, Wednesday // 12:45 | Viewed: 1796

Minister: Bulgaria Committed to Stringent Nuclear Safety

Bulgaria has offered to share its long experience in guaranteeing nuclear safety, according to Minister of Energy and Economy Traicho Traikov who spoke within a forum in the wake of the Fukushima disaster.

Business » Energy | June 7, 2011, Tuesday // 16:19 | Viewed: 1286

Bulgarian PM Announces Political Seal of Nabucco Gas Line

The political agreement for the European Nabucco gas pipeline project is going to be signed Wednesday in Turkey.

Business » Energy | June 7, 2011, Tuesday // 14:33 | Viewed: 1511

Bulgaria Watchdog Sees 'No Sign' of Fuel Cartel

Bulgaria's competition authority, the Commission on Protection of Competition (KZK), has found no direct evidence of a cartel agreement on the fuel market in the country.

Business » Energy | June 7, 2011, Tuesday // 12:27 | Viewed: 1465

Majority of Bulgarians Favor 2nd Nuclear Plant

The majority of Bulgarians, 64%, are of the opinion the country's second Nuclear Power Plant in the Danube town of Belene must be build and as fast as possible.

Business » Energy | June 5, 2011, Sunday // 14:04 | Viewed: 2273

US Energy Giant Opens Bulgarian 'AES Galabovo' TPP

Bulgaria's new thermal power plant "AES Galabovo", the country's largest greenfield investment since 1989, has been formally launched by AES Bulgaria and Prime Minister Boyko Borisov.

Business » Energy | June 3, 2011, Friday // 18:24 | Viewed: 4544

Turkey Disproves Reports of Plans to Build Nuclear Plant on Bulgarian Border

Turkey has not confirmed reports that it plans to build a nuclear power plant in Igneada on the border with Bulgaria right on the Black Sea coast, according to EU Commissioner for Energy Gunther Oettinger.

Business » Energy | June 3, 2011, Friday // 17:02 | Viewed: 2849

Irish Island Renewable Energy to Build Wind Park in Bulgaria

Irish company Island Renewable Energy will build a wind park in the Northern Bulgarian Suhindol municipality.

Business » Energy | June 3, 2011, Friday // 15:36 | Viewed: 1636

Bulgaria's Top Diplomat Ties Nuclear Project with Safety

Any further work on the project to build a second nuclear power plant, NPP, in the Danube town of Belene in Bulgaria would be resumed only after the conclusion of the analysis of safety criteria.

Business » Energy | June 3, 2011, Friday // 11:52 | Viewed: 1485

American AES Launches Bulgaria's Galabovo TPP

The new Termal Power Plant, TPP, "AES Galabovo" is being launched Friday near the southern Bulgarian city of Stara Zagora.

Business » Energy | June 3, 2011, Friday // 08:48 | Viewed: 2120

Bulgaria to Invest BGN 100 M in Extending Life of Kozloduy Nuclear Reactors

Bulgaria will need to invest over BGN 100 M in the extension of the life of the two operational 1000-MW reactors of the Kozloduy nuclear power plant, according to its CEO Kostadin Dimitrov.

Business » Energy | June 2, 2011, Thursday // 20:52 | Viewed: 1653

UniCredit, Raiffeisen Seek to Broker EVN, CEZ Bulgaria Stake Sale

UniCredit SpA, Italy's biggest bank, and Vienna-based Raiffeisen Bank International AG have bought tender documents to broker Bulgaria's 33% stake sale in Austria's EVN AG and Prague-based CEZ AS units.

Business » Energy | June 2, 2011, Thursday // 16:22 | Viewed: 1988

Bulgaria to Begin Exploratory Work on South Stream

Bulgaria will launch exploratory work in the Black Sea to set the route of the future South Stream gas pipeline, announced Foreign Minister Nikolay Mladenov after a meeting in Moscow with his Russian counterpart Sergey Lavrov.

Business » Energy | June 2, 2011, Thursday // 15:26 | Viewed: 1416

Earnst & Young Rank Bulgaria 32nd in Renewable Energy Attractiveness

Bulgaria has been ranked among the most attractive countries in the world for investments in renewable energy projects, a report from the US auditing and consulting company Ernst & Young showed.

Business » Energy | June 2, 2011, Thursday // 12:22 | Viewed: 1798

Bulgarian Belene Nuclear Project Not Subject to StressTest

The project to build a second Nuclear Power Plant, NPP, in the Danube town of Belene in Bulgaria, does not require the conducting of the mandatory EU stress-tests.

Business » Energy | June 2, 2011, Thursday // 11:49 | Viewed: 1388

Bulgaria's 2020 Energy Strategy Focuses on Efficiency, Renewables

The Bulgarian Parliament has adopted the country's much-anticipated Energy Strategy by 2020, which emphasizes energy efficiency and renewable energy sources.

Business » Energy | June 1, 2011, Wednesday // 16:32 | Viewed: 1999

'Project Support Agreements' for Nabucco Pipeline Finalized

The Project Support Agreements for the Nabucco pipeline are finalized and will be signed by the Nabucco companies and the responsible ministries of the five transit countries (Austria, Bulgaria, Hungary, Romania and Turkey), the Nabucco Consortium announc

Business » Energy | June 1, 2011, Wednesday // 16:19 | Viewed: 2453

Bulgaria Registers Notable Increase Biodiesel Consumption in 2010

Biodiesel consumption in Bulgaria registered a staggering increase in 2010 amounting to 38 911, 13 tons, according to preliminary information from the Ministry of Economy, Energy and Tourism.

Business » Energy | June 1, 2011, Wednesday // 13:59 | Viewed: 2227

Belene NPP Implies Hidden Risks for Both Russia and Bulgaria- Experts

Ruslan Stefanov, an expert at the Sofia-based think-tank Center for the Study of Democracy (CSD) has highlighted the inevitability of resorting to a non-market based financing mechanism for the Belene NPP project.

Business » Energy | May 31, 2011, Tuesday // 16:47 | Viewed: 1640

Night Power Tariffs May Grow By 10% in Bulgaria

Prices of electricity must go up if we want to boost prospects for heating utilities, said Ilia Nikolaev, Chairman of the Association of Heating Utilities in Bulgaria and executive director of Dalkia Varna, drumming up support for a potential price hike p

Business » Energy | May 31, 2011, Tuesday // 14:47 | Viewed: 1593