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BGNES
Energy Minister Temenuzhka Petkova is travelling to Moscow to discuss the forthcoming steps concerning the fulfillment of the decision of the Arbitration Court on the Belene nuclear power plant.
In June, Bulgaria was sentenced to pay EUR 620 M for equipment ordered from Russia. The daily interest is EUR 167,000.
Two days ago, Parliament approved state aid to the National Electric Company (NEK) with which it has to cover the debt. Brussels’ decision on the issue is expected soon.
Meanwhile, Bulgaria expects to see on the spot the manufactured equipment which the country has to pay for.
The Bulgarian delegation will include representatives of the Bulgarian Energy Holding and NEK. They will negotiate with the State Corporation for Nuclear energy of the Russian Federation Rosatom and Atomstroyexport.
This will be the second meeting of the working group. They met a month ago in Sofia.
Today’s nationwide protest focuses on the draft budget for 2026, which is moving to its second reading in parliamentary committees
Finance Minister Temenuzhka Petkova outlined the reasons behind the projected rise in Bulgaria’s debt for next year, which is set to reach 10.5 billion euros
Bulgaria’s first budget in euros has sparked strong criticism from economists and opposition politicians, who describe it as the worst financial plan in more than twenty-five years
Bulgaria unveils historic 51.4 billion euros budget amid concerns over rising debt and taxes
Bulgaria remains one of the European Union members with the lowest government debt relative to GDP, yet it also recorded one of the steepest increases in recent quarters
Bulgaria continues to top the European Union in terms of the lowest government debt relative to gross domestic product
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising
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