Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Photo: BGNES
The advancement in the construction of the Southern Gas Corridor - the interconnecting pipe between Bulgaria, Greece and other neighboring countries are among the main topics of discussion between US Special Envoy Amos Hochstein and Bulgarian President Rosen Plevneliev.
Realization of these projects will guarantee the diversification of energy supplies for Bulgaria as well as for the region as a whole, in the words of Plevneliev.
Hochstein added that it is extremely important for energy relations to be two-sided to allow for increased trade
of natural gas. Both government representatives noted that the eminent signing of the final investment decision will open the gate to a practical realization of the inter-system gas interconnection between Bulgaria and Greece.
Plevneliev further noted that it is important for the region that the establishing of an European Energy Union should start from the Balkans. He added that the creating of a regional energy market will be of key importance for achieving competitive prices of energy resources.
Just a day before Bulgaria’s national holiday on March 3, Russian Ambassador Eleonora Mitrofanova made a striking appearance on Shipka Peak, using the occasion to openly criticize the caretaker government.
Acting Foreign Minister Nadezhda Neynsky has said Bulgaria is awaiting the opening of humanitarian corridors in the Middle East and stands ready to evacuate its citizens by air if conditions allow
Israeli Foreign Minister Gideon Sa'ar praised Bulgaria’s proactive role in promoting peace and reconstruction in the Gaza Strip during a phone call with Bulgarian Foreign Minister Nadezhda Neynski.
As the fourth anniversary of Russia’s full-scale invasion of Ukraine is marked, Bulgaria’s Ministry of Foreign Affairs reaffirmed its continued backing for Ukraine’s independence, sovereignty, and territorial integrity within its internationally recognize
Acting Foreign Minister Nadezhda Neynsky said Bulgaria cannot agree to peace arrangements in Europe dictated by Moscow, commenting on calls for negotiations with Russia.
The handover of duties to Bulgaria’s new acting Foreign Minister, Nadezhda Neynsky, took place in the absence of her predecessor, Georg Georgiev, who was abroad
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace