Hungary and Slovakia Stall EU’s 18th Sanctions Package Against Russia Ahead of Summit
Hungary and Slovakia have blocked the European Union’s 18th sanctions package against Russia just days before the upcoming European Council summit
Bulgaria will pay EUR 400 M, or the main part of the debt ruled by the Paris Arbitration Court for the manufactured equipment for Belene by the end of the year, announced Energy Minister Temenuzhka Petkova, cited by BTA.
At a working meeting of the intergovernmental commission of Russia and Bulgaria on Friday, it was decided that the debt will be paid in tranches.
The Bulgarian Energy Holding and the National Electric Company, however, do not currently have the funds to cover the debt, added Petkova. According to her, after the main part of the debt is paid, a new agreement will be sought for the remaining two instalments.
Besides, Bulgaria has discovered a technical mistake in the calculation of the interest by the Arbitration court. The interest was set at EUR 82 M but after the objection the sum will go down, reckoned Petkova. The decision of the Arbitration Court is expected.
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Deputy Energy Minister Iva Petrova emphasized at Green Transition Forum 5.0 that Bulgaria’s energy strategy hinges on modernizing grid infrastructure and securing long-term supply agreements
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
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