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
Azerbaijan with supply Bulgaria with gas that will be destined for the "Balkan Gas Hub", according to the Bulgarian Energy Ministry.
The decision was taken at the 4th intergovernmental committee in Baku, where 2020 was confirmed as a beginning.
A protocol that will pave the way for a study into gas deliveries options to third countries was also signed at the meeting.
Gas from Shah Deniz 2, a deposit in Azerbaijan, will flow via Bulgaria's interconnectors with Turkey and Greece starting from 2023, the statement also reads.
The Balkan Gas Hub, however, is a project with no clear timetable which the Bulgarian government has voiced intention to carry through, but which the EU Commission warns should not be executed before Bulgaria completes its gas links.
Deputy Energy Minister Zhecho Stankov, who participates in the delegation, has also said Azerbaijan has shown interest in Bulgaria's gas deposit of Chiren.
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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