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
The Bulgarian energy ministry announced on Monday that it had completed the first stage of the construction of the projected gas interconnector between Bulgaria and Serbia.
The financing was provided under the Development of the Competitiveness of the Bulgarian Economy Operational Programme 2007-2013, which is co-funded by the European Regional Development Fund.
The realization of the projected interconnector is in line with the priorities of the government to ensure diversification of the sources and routes of natural gas and the security of gas supplies to the country and the region of Southeastern Europe.
According to forecasts, initially the pipeline will have a capacity to transport 1.8 billion cubic metres per year.
The total cost of the Bulgarian section of the project exceeds BGN 92.6 M, with the expenditures on the first stage surpassing BGN 3.4 M.
Preparations for obtaining funding for the second stage of the project has been initiated.
The construction of the interconnector will be realized and funded by the Innovations and Competitiveness Operational Programme 2014-2020.
The estimated date for the interconnector to enter into exploitation is until the end of 2018.
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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