Russian Intelligence Identified as Threat to Bulgaria’s Eurozone Entry by 2026?
A significant national security concern has emerged regarding Bulgaria’s entry into the eurozone
Russian Stroytransgaz consortium will build the Bulgarian stretch of the South Stream gas pipeline, it was revealed.
A major shareholder (63%) in Stroytransgaz is Volga Group, owned by Gennady Timchenko, who was placed on the US's sanctions list against Russia in mid-March. He is believed to be the 6th richest man in Russia, according to Forbes, and with close ties to President Vladimir Putin.
Bulgaria's Capital daily reported earlier this year that Stroytransgaz has expressed interest in building the pipeline, but official confirmation came on Tuesday by Vladimir Inkov, executive director of South Stream Bulgaria.
Stroytransgaz's main Bulgarian partner in the project will be Gazproekt Yug (South), which includes several major construction companies.
The tender for South Stream's construction in Bulgaria opened in December 2013. A total of 11 companies from Austria, Japan, Belgium, Germany, Italy, India, Russia, Switzerland, and Bulgaria took part.
Despite the European Commission's recommendations for renegotiation of the South Stream project, Gazprom CEO Alexey Miller confirmed last month that the building of the pipeline's ground stretch in Bulgaria and Serbia will begin in July.
Bulgaria also faces pilot procedures in the European Commission over controversial amendments to the status of South Stream, which are allegedly not in line with EU law.
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
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
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe