Ex-Ukrainian Defense Minister: War Will End Only with Putin’s Death
Former Ukrainian Defense Minister Oleksii Reznikov has said that Russia’s war against Ukraine will only truly end with the death or resignation of Vladimir Putin
The net profit of Russian gas giant Gazprom for the first quarter of 2011 has grown with 44% with respect to the same period last year.
The net worth of the profits that the Russian company has tabled up to the end of March amounts to some EUR 11.2 B.
Turnover for the same period has also grown, with 38% to EUR 31.5 B, according to data released by the energy giant.
Those results are higher than the estimates of a Dow Jones analysis, which forcasted an increase in net profits with 31% and of turnover with 33%.
The good results of Gazprom are viewed to follow a recovery in the levels of gas demand in Europe, in part due to the cold and long winter.
Gazprom has also stated that another factor has been the raise of prices of natural gas in all geographical areas that the company services.
At the same time the operational costs of the company have also grown by 33% to EUR 4.9 B.
In recent years, Gazprom has been consistently making some 10% of Russia's total GDP and has been ranked among the world's top 5 companies in terms of net profits.
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
At an open session, the Energy and Water Regulatory Commission (EWRC) reviewed a proposal submitted by Bulgargaz EAD on June 10, 2025, for setting the July sale price of natural gas to end suppliers and licensed heating energy producers
The upcoming rise in electricity prices starting in July is expected to influence inflation in Bulgaria
For the first time in Bulgaria’s history, solar energy production surpassed national electricity consumption during a specific time window
Bulgaria has no reason for concern regarding fuel security, Energy Minister Zhecho Stankov assured during his remarks on the state of the energy sector amid the Iran-Israel tensions
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe