Bulgaria's Eurozone Entry by 2026: Possible, But Tense, Expert Warns
Financier Plamen Danailov, a municipal councilor from the "There Is Such a People" party, recently discussed Bulgaria's potential adoption of the euro
Russia is carrying out talks with Bulgarian-Russian company Overgas to settle "trade issues" of the past few years, but will continue delivering natural gas to Bulgaria, TASS quotes the Foreign Ministy in Moscow as saying.
"Bulgaria will not be left without natural gas," the statement also reads.
On Wednesday, the Bulgarian Energy Holding (BEH) reported it had received a copy of a letter from Russian energy giant Gazprom Export to Overgas, Inc. announcing supplies would come to a halt as of January 1.
Overgas, Inc. denied having received such a notice.
Russia, however, on Thursday made clear it was working to settle certain issues with company.
"Russia’s Gazprom management, supplies of Russian natural gas to Bulgaria continue seamlessly to state-owned Bulgargas in the amount of 3 billion cubic meters in line with annual demands of the country," the Foreign Ministry says.
"These may be increased later on. Negotiations in terms of settling commercial issues accumulated in recent years continue with Overgas, cooperation with which provided not more than 10% of the annual gas consumption until now."
It was reported on Wednesday that Prime Minister Boyko Borisov had carried out an urgent meeting with top Bulgarian energy officials, instructing Bulgargaz to prepare to supply natural gas to the private company in case the latter faces a halt in deliveries from January 1.
A second meeting is due later on Thursday, at 17:00 local time (EET).
Overgas, Inc. delivers gas to both industrial consumers and suppliers. Its subsidiary Overgas Mrezhi ("Overgas Network") provides gas for more than 55 000 households and 3000 businesses. 50% of of it are owned by Gazprom Export.
Recent reports have suggested the Russian concern might be seeking to withdraw from the company.
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
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability