Bulgaria Provides Humanitarian and Technical Energy Assistance to Ukraine (2022-2026)
Between 2022 and 2026, Bulgaria provided humanitarian and technical energy assistance to Ukraine, according to the Ministry of Energy.
Sergey Stanishev, leader of the left-wing oppositional Bulgarian Socialist Party. Photo by BGNES
The abandoned Belene Nuclear Power Plant project is not irreversibly dead and a referendum on its fate should be called, according to Sergey Stanishev, leader of the left-wing oppositional Bulgarian Socialist Party.
The current centrist-right GERB government will probably have to pay more for terminating the Bulgarian-Russian project than the previous two governments that backed it, Stanishev has claimed.
The former Bulgarian PM (2005-2009) further noted that no one knows how expensive it would be to place the nuclear reactor initially meant for Belene at the Kozloduy NPP instead.
The Bulgarian government recently announced its plans to expand its already existing NPP after giving up building a new one at Belene. Earlier, cabinet members had said they plan to mount the nuclear reactor earmarked for the Belene NPP as a seventh unit at the Kozloduy NPP and to build a gas power plant on the site of the scrapped Belene NPP project.
According to Stanishev, the government's decision to drop Belene means a guaranteed market for foreign-owned thermal power plants within the Maritsa Iztok Complex, which would sell their energy at much higher prices than Kozloduy's.
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
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