Greek Central Banker Reiterates Call for the Euro to Become a Global Reserve Currency
Bank of Greece Governor Yannis Stournaras has once again voiced his support for elevating the euro’s role in the global financial system
Russia and Turkey have signed a memorandum of understanding over the construction of a gas pipeline under the Black Sea that could effectively replace the stalled South Stream project.
The new pipeline will be able to carry 63 billion cubic metres (bcm) of gas per year to Turkey, the head of Russian gas giant Gazprom Alexey Miller told reporters in Ankara on Monday.
According to Miller, Turkey will receive 14 bcm out of the projected total, while the remainder will be delivered to a hub near the country’s border with Greece.
He went on to say Gazprom planned to set up a company to build the proposed new gas pipeline to Turkey with potential participation of Turkish partners.
"We are ready to discuss with the Turkish side their participation, if they are interested in that. A legal entity for the implementation of this project will be set up in Russia,” said Miller.
Referring to the stalled South Stream project, the Gazprom cheif said: "That's all, project closed".
Russia's President Vladimir Putin said at a news conference earlier on Monday that Moscow would discontinue the South Stream project “in the current conditions.”
The CEO of the Sofia Commodity Exchange, Vasil Simov, dismissed speculation about any dramatic price hikes on the market
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
Between 50,000 and 70,000 foreign workers may enter Bulgaria by the end of 2025 if the current pace of labor import continues
The Bulgarian online casino market has come a long way, from sudden boom, through regulation jolts, to a more recent balanced phase.
In recent weeks, Bulgaria has seen a noticeable uptick in demand for euro banknotes
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe