Nationwide Strike Grips Greece: 24 Hours of Transport Paralysis
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
The Greek government has favorably changed privatization conditions for gas company DEPA in a procedure where the sole large bidder is Russian gas giant Gazprom.
The move is seen as making Gazprom the almost certain winner of the bid, the deadline for which comes Wednesday.
Greece has halved the required deposit to 10% of the company's bid for DEPA.
The Russian company has offered EUR 900 M for the acquisition of the Greek gas firm, to which it supplies 60% of its natural gas needs.
Gazprom's bid is seen as part of a wider Russian strategic investment program in financially troubled Greece.
Some have also said that the acquisition of DEPA might harm the EU's energy interests in the region.
A smaller participant in the tender the Greek M&M Gas - consortium between Motor Oil and Mytilineos, which is DEPA's competitor in the Greek market - has offered EUR 550 M.
Greece hopes to sell its gas company to meet its target of EUR 2.6 B revenue from privatizaiton, in order to avoid additional austerity measures.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022