The English Premier League Cup to Visit Sofia on February 25
The English Premier League Cup, one of the most prestigious trophies in football, will make its way to Bulgaria
Bulgaria's President Rosen Plevneliev urged prompt reforms of the country's energy sector, first thing after the elections next week.
In an interview for the bTV national channel, Plevneliev warned that unless the reforms are carried out immediately, the country might face “dramatic consequences, including bankruptcy”.
“We don't have much time and I plead for responsible and constructive approach and serious reforms in the energy sector, after the elections and the swearing in of the new National Assembly,” Plevneliev said.
He added that the first measure will be proposed by the current caretaker Government – the setting up of a politically independent and influential energy watchdog.
“Now we have a politicised regulator,” Plevneliev. “Its head is being ordered around about the party leaders. We have to realise that the National Electric Company (NEK) is facing bankruptcy. It has revenues of BGN 1 B and debts of BGN 3 B.”
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
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