FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
A small but important gas pipeline eases Southeast Europe's dependency on Russia, the Financial Times notes in a story on the Interconnector Greece-Bulgaria (IGB).
The development is part of the "moves to increase energy sector competition, boost crossborder supplies and decrease the region’s and Europe’s dependency on Russia for natural gas" which "are afoot in the Balkans."
Construction of the 180 km IGB is due to start next year, counting on EUR 45 B in funding and EUR 100 M guarantee facility from Bulgaria. It will be able to ship 3 to 5 billion cubic meters of gas on a yearly basis starting 2019.
At Stara Zagora, a city in Southern Bulgaria, IGB will also connect with the existing TransBalkan pipeline designed to carry Russian gas from Ukraine, Hungary, Romania and Bulgaria.
"The scheme was first mooted in 2009, after Russia cut off midwinter gas supplies to Ukraine in a payment dispute," FT recalls in its Investing in Central & Eastern Europe report.
However, it was difficult to find "backers other than the Sofia and Athens governments" before the Southern Gas Corridor became critical to the EU's efforts to diversify supplies. IGB will now link TAP to Central Europe.
The text also highlights the fact that state-controlled Hungarian, Romanian and Bulgarian gas distributors signed agreements opening their network to alternative domestic and foreign suppliers.
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The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022