Business » Energy

Oil, Gas Explorations in Black Sea to Begin in February 2016 – Bulgarian PM

Bulgarian Prime Minister Boyko Borisov announced on Saturday that the oil and gas explorations in the continental shelf of the Black Sea will begin in February next year.

Business » Energy | August 15, 2015, Saturday // 16:57 | Viewed: 3584

Bulgaria's New Energy Mix Keeps Central Role of TPPs, Renewables

AES and ContourGlobal thermal power plants, alongside renewable energy sources, will remain the primary sources in the energy mix of Bulgaria, a recent document shows.

Business » Energy | August 11, 2015, Tuesday // 22:06 | Viewed: 2522

Bulgargaz Plans 13.65% Cut in Q4 Gas Price

State-owned Bulgargaz said on Monday it plans to cut natural gas price for consumers by 13.

Business » Energy | August 10, 2015, Monday // 16:34 | Viewed: 1906

World Bank to Audit Bulgaria’s Energy Market Prior to Full Liberalization

The World Bank will draft a comprehensive review of the financial state of Bulgaria’s energy sector and identify steps towards full liberalization of the electricity market by the end of the year under a deal signed on Friday.

Business » Energy | August 7, 2015, Friday // 18:09 | Viewed: 2956

Romania, Bulgaria Seek New Builder for Giurgiu-Ruse Gas Pipeline Section

Romania and Bulgaria are looking for new builders of the 26 kilometer Giurgiu-Ruse gas pipeline.

Business » Energy | August 6, 2015, Thursday // 08:46 | Viewed: 2954

Bulgaria’s Maritsa Iztok 2 Thermal Power Plant Reports BGN 28.6 M Net Loss in H1, 2015

State-owned thermal power plant Maritsa Iztok 2 closed the first half of 2015 at a net loss of BGN 28.634 M, compared to a profit of BGN 1.440 M for H1, 2014, according to a report of the company.

Business » Energy | August 5, 2015, Wednesday // 11:12 | Viewed: 1895

Bulgaria State Energy Cos to Save BGN 20 M This Year - Minister

Bulgarian Energy Minister Temenuzhka Petkova has said that state-owned companies in the sector will be able to save some BGN 20 M in 2015.

Business » Energy | August 3, 2015, Monday // 10:46 | Viewed: 2099

Energy Watchdog Head Refuses to Resign Despite Pressure from Businesses

Bulgarian energy watchdog head has said he won't step down amid calls from employer unions which have demanded his resignation over a hike in power prices for industrial consumers.

Business » Energy | August 3, 2015, Monday // 10:09 | Viewed: 2302

Bulgaria’s Prime Minister Pledges New Control Unit to Prevent Energy Fraud Schemes

Bulgaria’s Prime Minister has pledged a new special unit comprising prosecutors, officers of the State Agency for National Security (DANS), and experts that would oversee the energy sector.

Business » Energy | August 2, 2015, Sunday // 16:52 | Viewed: 2776

Employers’ Associations, Trade Unions to Renew Protests over New Power Prices in September

The four major employers’ associations in Bulgaria and the two trade unions have issued a list of demands triggered by the new power price hike, warning to renew and intensify protests in September unless the requirements are fulfilled.

Business » Energy | August 2, 2015, Sunday // 14:31 | Viewed: 2718

Bulgarian Energy Watchdog Head: Employers’ Associations Cater to Corporate Interests

Ivan Ivanov, Chair of Bulgaria’s Commission for Energy and Water Regulation (KEVR), has attributed calls for his resignation by employers’ associations to attempts to protect corporate interests.

Business » Energy | August 2, 2015, Sunday // 12:03 | Viewed: 2284

Bulgaria to Cut Power Prices for Households by 0.11% from 1 August

Bulgaria’s energy regulator announced on Friday that power prices for households will fall by 0.11% from 1 August.

Business » Energy | July 31, 2015, Friday // 17:41 | Viewed: 3236

Bulgaria's Energy Regulator to Announce New Electricity Prices

At a closed sitting on Friday afternoon, Bulgaria's Energy and Water Regulatory Commission (KEVR) will determine the new electricity prices, which are to enter into force on Saturday.

Business » Energy | July 31, 2015, Friday // 08:49 | Viewed: 2570

Bulgaria Parlt Report Blames NEK Deficits on Deals with AES, ContourGlobal, RES

Bulgaria’s long-term contracts for electricity purchases from two local coal-fired plants, owned by US-based AES Corporattion and ContourGlobal, and from renewable energy sources (RES) are at the core of the financial deficits at the National Electricity

Business » Energy | July 30, 2015, Thursday // 22:06 | Viewed: 2114

Bulgarian Industrial Capital Association Chair: Electricity Prices Can Remain Unchanged

Vasl Velev, Chair of the Bulgarian Industrial Capital Association (BICA), has argued that electricity tariffs should remain unchanged in the next pricing period.

Business » Energy | July 30, 2015, Thursday // 15:03 | Viewed: 2238

Bulgaria's PM Lashes Out at Business Unions over Power Price Demands

Bulgarian Prime Minister Boyko Borisov has criticized employers' organizations over their demand that a hike of electricity prices for industrial consumers be postponed.

Business » Energy | July 30, 2015, Thursday // 14:56 | Viewed: 2368

Turkish Stream Could Suffer Delays, Russia Energy Min Admits

Russian Energy Minister Alexander Novak has said construction of the so-called Turkish Stream gas pipeline might begin later than planned.

Business » Energy | July 30, 2015, Thursday // 12:53 | Viewed: 2466

Bulgarian Employers’ Associations, Trade Unions Protest Imminent Power Price Hike

Representatives of employers’ associations and trade unions staged protests over a forthcoming power price hike in a number of cities across Bulgaria.

Business » Energy | July 29, 2015, Wednesday // 19:28 | Viewed: 2808

Russia 'Ready to Sign Only Part of Turkish Stream Deal'

Russia is currently ready to sign only an agreement to build the first section of Turkish Stream, Russian news websites quote an Energy Ministry source as saying.

Business » Energy | July 29, 2015, Wednesday // 12:44 | Viewed: 3153

Bulgaria Businesses to Stage Protest over Power Price Hike

Business unions in Bulgaria say more than 1000 companies are to protest in 28 cities across the country against a planned hike of power prices.

Business » Energy | July 29, 2015, Wednesday // 09:49 | Viewed: 1956

Energy Watchdog Chair – Further Postponement of New Power Prices Is Impossible

Ivan Ivanov, Chair of the Commission for Energy and Water Regulation (KEVR), has said that there is no option to further postpone the entry into force of new electricity prices.

Business » Energy | July 28, 2015, Tuesday // 13:52 | Viewed: 2223