Romania Faces Soaring Inflation as Families Struggle with Rising Living Costs
Romania continues to grapple with sharply rising prices, with inflation reaching 9.8 percent in October
Bulgaria, Romania to Sign Deal with Austria’s Habau to Build Gas Link across Danube
- Tweet
Send to Kindle
The gas transmission operators of Bulgaria and Romania, Bulgartransgaz and Transgaz, will sign a contract with Austria’s Habau PPS Pipeline Systems SRL for the construction of the section of a gas interconnection under the Danube river.
The signing ceremony will take place on Wednesday afternoon in Sofia, Bulgaria’s Energy Ministry announced on Tuesday.
Bulgartransgaz and Transgaz are jointly implementing the project which aims to diversify their gas supply sources and routes. The two companies have been granted up to EUR 8.9 M for project financing under the European Energy Programme for Recovery (EEPR).
In February, Habau won a tender for the construction of the underwater section of the gas interconnector. It is proposing to build the section, which will be approximately two kilometers long, within 119 workdays at a cost of EUR 4.577 M free of VAT, according to capital.bg.
Related Articles:
Romania Prepares to Take Over Lukoil Assets Ahead of U.S. Sanctions
Romania is moving to assume control of Lukoil’s local operations to safeguard its national energy system and comply with upcoming U.S. sanctions
Bulgaria Surpasses Greece and Romania, Tops the Balkans in Purchasing Power
Bulgaria has overtaken both Greece and Romania in terms of purchasing power
Business | November 11, 2025, Tuesday // 16:19
Bucharest Warns U.S. Troop Pullout Could Undermine NATO’s Eastern Flank
Romania has urged the United States to reconsider its plan to withdraw hundreds of troops stationed in the country, warning that such a move could undermine NATO’s unity and play into Russia’s hands
US Troop Cut in Romania Sparks Questions About Washington’s Commitment to Europe
The United States has informed Romania and its NATO allies that it will reduce part of its military presence on the Alliance’s eastern flank
Schengen Expansion Creates Seamless Route from Atlantic to Black Sea, Says EU Commissioner
European Commissioner for Home Affairs and Migration Magnus Brunner highlighted that with Bulgaria and Romania’s full accession to the Schengen area on 1 January 2025
US Grants Crucial Waiver Allowing Lukoil Operations in Bulgaria
The United States has granted Bulgaria a significant exemption from its sanctions on Lukoil
Britain Grants Temporary Sanctions Exemption for Bulgarian Lukoil Units
Britain has introduced a temporary exemption that permits continued business with two Bulgarian subsidiaries of the sanctioned Russian oil group Lukoil
Lukoil Confirms All Gas Stations in Bulgaria Fully Operational amid Sanctions Pressure
Lukoil has announced that all of its gas stations across Bulgaria are operating as usual and will continue to do so without interruption
Expert: Best Option Is for a Strategic Western Investor to Acquire Lukoil in Bulgaria
Martin Vladimirov, director of the Geoeconomics Program at the Center for the Study of Democracy, said in an interview with the Bulgarian National Radio that the most beneficial outcome for Bulgaria would be for a strategic Western investor to acquire Luk
Bulgaria’s Fuel Reserves Secure for Months, Energy Minister Assures
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
Experts See Bulgaria Becoming a Regional Energy Hub with Smart Geopolitics
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
