Bulgaria's Tourism Shifts Toward Experience-Focused Stays as Demand Grows
Tourism in Bulgaria is increasingly shifting from traditional hotel stays to more experience-focused offerings
Russia expressed readiness to renew negotiations on the construction of the planned oil pipeline between the Bulgarian Black Sea city of Burgas and the Greek Aegean Sea port of Alexandroupoli.
This was announced by Russian Energy Minister Alexander Novak at the Saint Petersburg International Economic Forum (SPIEF) on Friday, TASS news agency informs.
Novak said that the discussion will take place on Friday at his forthcoming meeting with Bulgarian Energy Minister Temenuzhka Petkova.
The intergovernmental agreement on the construction of the pipeline was signed between Bulgaria, Greece and Russia on 15 March 2007.
The pipeline was meant to supply Russian oil to Alexandroupoli through Bulgarian territory, bypassing the busy Bosphorus and Dardanelles straits.
The pipeline was projected to have a length of 285 kilometres with an initial annual capacity of 35 million tonnes of oil, which was foreseen to increase to 50 million tonnes.
In December 2011, the Bulgarian government announced its withdrawal from the project and the majority of Bulgarian MPs voted in favour of terminating the intergovernmental agreement on the construction of the pipeline as it was deemed not economically sound.
Greek Energy Minister Panagiotis Lafazanis expressed similar interest towards renewing the talks on the pipeline, as the country was aiming to become the energy hub of the region.
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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