Varna Sees Significant Rise in German and European Tourists in First Half of 2025
German tourists are once again choosing Varna as a destination, according to the latest data from the Ministry of Tourism
Bulgaria's biggest private gas supplier Overgas is challenging actions of Russian energy giant Gazprom in court, three months after the company faced a halt in deliveries.
At the end of December, Gazprom stopped supplying Overgas over what the Russian Foreign Ministry describes as ongoing commercial issues.
Since January 01, the joint Bulgarian-Russian company has been receiving gas from Bulgargaz, the state-owned supplier.
Gazprom's export company, on the other hand, owns a stake in Overgaz which it is intending to sell in the near future.
Svetoslav Ivanov, who works for one of the parent companies of Overgaz, has told the Bulgarian National Radio that the case does not get media coverage anymore, but the company is still facing trouble.
Overgas argued in December it had not been informed of Gazprom's intentions to halt supplies, insisting it was upholding to its long-term contract with the Russian energy holding that was due by 2019.
It maintains it has no standing debt to Gazprom.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
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