Rising Meat Prices in Greece Force Consumers to Cut Purchases
A recent survey by the Consumer Agency has revealed that rising meat prices in Greece are forcing residents to limit their purchases to just twice a month
Bulgarian MPs Scrap Burgas-Alexandroupolis Pipeline
- Tweet
Send to Kindle
Map by Prometheusgas.gr
The Members of the Parliament from the Economic Committee voted Tuesday to abandon the Burgas-Alexandroupolis oil pipeline project.
Outgoing Deputy Prime Minister and Finance Minister, Simeon Djankov, joined the sitting as well.
To statements of independent and opposition MPs the outgoing Parliament should leave the decision to the next one and that motives for and against remained unclear, Djankov explained the project was unfeasible and would not receive financing.
"Bulgaria is a shareholder in the construction company and is to shell USD 1.5 M to USD 2 M while the investment would pay off in 60 years and only if the pipeline is 100% secured," said he.
Last Thursday, the Parliament postponed the second reading vote on the proposal for March 12.
The proposal for the denunciation of the agreement was submitted last month by the country's center-right GERB government.
The step comes after the expiration of Bulgaria's proposal from last year for a termination of the intergovernmental agreement by mutual consent.
The Bulgarian government adopted a decision to withdraw from the oil pipeline project in early December 2011.
Bulgaria's Council of Ministers noted back then that the project could not be implemented under the parameters set out in the inter-government agreement with Russia and Greece from 2007.
At the end of February, Bulgaria's Parliament confirmed the country's decision to abandon another key Russian energy project, the Belene nuclear power plant.
Related Articles:
Kremlin Claims Willingness for Peace Talks While Expanding Offensive in Donetsk Region
Russia has declared its readiness to resume peace negotiations with Ukraine, even as its forces continue to advance around the frontline city of Pokrovsk
U.S. Sanctions Push Russia’s Oil Discounts to Highest Level Since Last Year
The discount on Russian Urals crude compared to Brent reached a one-year high of 19.40 dollars per barrel at the ports of Primorsk and Novorossiysk on 10 November
Romania Prepares to Take Over Lukoil Assets Ahead of U.S. Sanctions
Romania is moving to assume control of Lukoil’s local operations to safeguard its national energy system and comply with upcoming U.S. sanctions
Bulgaria Surpasses Greece and Romania, Tops the Balkans in Purchasing Power
Bulgaria has overtaken both Greece and Romania in terms of purchasing power
Business | November 11, 2025, Tuesday // 16:19
Bulgaria’s Foreign Ministry Urges Russia to End Satellite Signal Jamming Across Europe
About a month after Foreign Minister Georg Georgiev controversially allowed Vladimir Putin to cross Bulgarian airspace, the Ministry of Foreign Affairs has now taken a firm stance against Moscow
Britain Grants Temporary Sanctions Exemption for Bulgarian Lukoil Units
Britain has introduced a temporary exemption that permits continued business with two Bulgarian subsidiaries of the sanctioned Russian oil group Lukoil
Lukoil Confirms All Gas Stations in Bulgaria Fully Operational amid Sanctions Pressure
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Expert: Best Option Is for a Strategic Western Investor to Acquire Lukoil in Bulgaria
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
Bulgaria’s Fuel Reserves Secure for Months, Energy Minister Assures
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Experts See Bulgaria Becoming a Regional Energy Hub with Smart Geopolitics
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
Bulgaria's Fuel Crisis: State Assures There Is Gasoline for 35 Days, Diesel for 50+, Contingency Plans in Place
Bulgaria currently has gasoline reserves sufficient for around 35 days and diesel for over 50 days, according to Assen Assenov, chairman of the State Agency “State Reserve and Wartime Stocks”
