Business » Energy

Proposed Gas Hub in Bulgaria to Cost EUR 2.2 B, PM Borisov Says

Building a gas distribution centre in Bulgaria to serve South Eastern Europe and the EU would cost EUR 2.2 B, Prime Minister Boyko Borisov said on Monday.

Business » Energy | February 9, 2015, Monday // 19:48 | Viewed: 1193

Bulgaria’s Port Varna Registers Profit of BGN 2 M from Storing South Stream Pipes

Port Varna has registered a profit of over BGN 2 M for the past five months from the processing and storing of 65 tonnes of pipes earmarked for the offshore section of South Stream, according to Dimitar Atanasov, Chairman of the BoD of Port Varna.

Business » Energy | February 9, 2015, Monday // 17:25 | Viewed: 1102

CSEE Moves to Diversify Gas Supplies

Finding three different sources of natural gas supplies in order to reduce dependence on Russian deliveries will the main task of a new European energy body set up on Monday in Sofia.

Business » Energy | February 9, 2015, Monday // 16:40 | Viewed: 1089

PM Borisov: Bulgaria Has Potential to Become Gas Distribution Center

Bulgaria is one of the most intensely interested EU countries in guaranteeing the security of energy supplies and achieving energy diversification, according to Bulgarian Prime Minister Boyko Borisov.

Business » Energy | February 9, 2015, Monday // 13:43 | Viewed: 1230

Sofia Hosts Energy Diversification Talks

High-level negotiations on the possibility of building a gas hub in Bulgaria will be held on Monday.

Business » Energy | February 9, 2015, Monday // 10:10 | Viewed: 963

Bulgaria's CEZ Pledges to Improve Quality of Services after Lozen Protests

In an official press release, electricity distributing company CEZ has taken up the responsibility of improving the quality of the provided services in Lozen.

Business » Energy | February 8, 2015, Sunday // 16:46 | Viewed: 1231

Hundreds Stage Protest Over CEZ Power Failures in Bulgaria's Lozen

Close to 400 protesters from the Sofia village of Lozen gathered on Sunday to express their dissatisfaction with the services of CEZ electricity distribution company.

Business » Energy | February 8, 2015, Sunday // 14:43 | Viewed: 1769

Gazprom, Botas Map Out Turkish Stream Route

Gazprom's CEO Alexey Miller and Turkey's Minister of Energy and Natural Resources Taner Yildiz have discussed the details over the launch of Turkish Stream.

Business » Energy | February 8, 2015, Sunday // 13:58 | Viewed: 1644

Unit 5 of Bulgaria’s Kozloduy NPP Reconnected to Power Grid

Unit 5 of Bulgaria’s Kozloduy nuclear power plant (NPP) was reconnected to the power grid late on Friday night.

Business » Energy | February 7, 2015, Saturday // 10:33 | Viewed: 980

Bulgaria Will Not Launch New N-Plant Units until 2024 – Forecast

Bulgaria will not launch new nuclear capacity in the next 10 years, according to a forecast of the Electricity System Operator (ESO).

Business » Energy | February 6, 2015, Friday // 12:45 | Viewed: 1325

International Markets Register Rise in Oil Prices

The economic prognosis of the European Commission states that in case oil prices remain relatively low throughout the year, EU economy will be able to record a growth higher than the one expected for 2015.

Business » Energy | February 6, 2015, Friday // 12:18 | Viewed: 1069

Bulgaria's GERB Seeks to Scrap Special Prices for New Renewable Energy Sources

Senior coalition partner GERB has tabled amendments to the Energy Act removing the preferential prices paid by state-owned energy utility NEK to buy electricity from new renewable energy sources.

Business » Energy | February 6, 2015, Friday // 08:12 | Viewed: 1445

Bulgarian Gas Supplier Bulgargaz 'Undergoes Board Reshuffle'

A new CEO is taking over the state-owned gas supplier Bulgargaz, media reports suggest.

Business » Energy | February 5, 2015, Thursday // 11:30 | Viewed: 877

Bulgaria to Host EU 'Secretive Ministerial Meeting' on Energy Next Week

The EU's energy ministers are to meet in Bulgaria's capital Sofia on February 9 for a meeting run by Commission Vice-President Maroš Šefčovič, media reports suggest.

Business » Energy | February 5, 2015, Thursday // 10:01 | Viewed: 1733

Romanians Object to Construction of New Unit at Bulgaria's Kozloduy NPP

The planned construction of a new unit at the Bulgarian nuclear power plant (NPP) Kozloduy is opposed by Romanian citizens, who live on the opposite bank of the Danube river.

Business » Energy | February 2, 2015, Monday // 16:38 | Viewed: 1733

Bulgarian Energy Minister Reports of Irregularities at Energo-Pro EDC

Bulgarian Energy Minister Temenuzhka Petkova announced that irregularities have been identified at the energy distribution company (EDC) Energo-Pro, which operates in the northeast of the country.

Business » Energy | January 30, 2015, Friday // 20:05 | Viewed: 1199

Bulgarian PM Reaffirms Moratorium on Shale Gas Extraction

Bulgarian PM Boyko Borisov assured on Friday that there will be no shale gas extraction in the country until a new eco-friendly method is invented.

Business » Energy | January 30, 2015, Friday // 18:01 | Viewed: 1178

Bulgarian President Remains Hopeful of South Stream

Bulgarian President Rosen Plevneliev expressed hope that the South Stream project would receive the necessary permits for its completion.

Business » Energy | January 30, 2015, Friday // 17:04 | Viewed: 1767

Kuwaiti Company Interested in Belene NPP – Bulgaria Energy Minister

A Kuwaiti company has expressed interest in the Belene nuclear power plant project, according to Energy Minister Temenuzhka Petkova.

Business » Energy | January 30, 2015, Friday // 12:03 | Viewed: 1360

Energy Efficiency Projects Have Boosted Bulgarian Economy - Minister

Bulgaria's Environment Minister Ivelina Vassileva announced on Wednesday that BGN 13 M will be added to the national budget in 2015 from payments received by the National Trust Eco Fund.

Business » Energy | January 29, 2015, Thursday // 13:47 | Viewed: 1175

Bulgaria PM Borisov: Energy Bills Issue 'Is Conspiracy against Govt'

Bulgarian Prime Minister Boyko Borisov has warned against a repetition of the "2013 scenario" when his first government was toppled by mass protest following hike in electricity bills.

Business » Energy | January 28, 2015, Wednesday // 19:48 | Viewed: 1360