Ukraine Approves Purchase of Belene NPP Reactors from Bulgaria
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Bulgaria’s Govt Approves EUR 600 M for Belene
- Tweet
Send to Kindle
BGNES
The government has approved EUR 601,617,133 from the budget surplus to be allocated as state assistance to the National Electric Company (NEK).
The funds must be used by the state venture to pay Russian Atomstroyexport for the equipment ordered for the Belene NPP.
Bulgaria was sentenced via international arbitration to pay the money, while Parliament adopted a law permitting the allocation of the assistance back in September.
Meanwhile, Bulgaria undertook the commitment to the Russian side to pay the principal by December 15 in exchange for which it will be remitted EUR 23 M in interest.
The assistance is lent by the Energy Ministry and NEK has undertaken the obligation to pay it back within 7 years.
The assistance is being allocated after receiving an opinion of the European Commission, reported the government press centre.
Related Articles:
Bulgarians Rank Third in Europe for Gold Purchases Amid Record Prices
The recent record high in gold prices has sparked discussions among financial analysts about its implications for the economy
Bulgaria: "Revival" Party Halts Ukrainian Delegation Visit to Belene NPP
During the election campaign, members and candidate MPs of the pro-Russian political party "Revival" obstructed and physically prevented specialists from the Ukrainian nuclear power plant operator "Energoatom"
Politics | May 14, 2024, Tuesday // 11:43
Record Foreign Investments Drive Bulgaria's Growth
Today, the World Bank presents the report “Review of Public Finances in Bulgaria”, which examines revenues, efficiency, and effectiveness of state expenditures in various sectors
Business | February 22, 2024, Thursday // 12:38
Bulgaria Delays Belene Nuclear Equipment Sale, Awaits Unified EU Position on Ukraine
Amidst ongoing uncertainties surrounding the Belene nuclear power plant, Bulgaria's Energy Minister, Rumen Radev, revealed on Friday a strategic decision to postpone the sale of equipment from the unfinished facility to Ukraine
Ukraine Expresses Continued Interest in Purchasing Belene NPP Equipment
Energy Minister Rumen Radev affirmed Ukraine's ongoing interest in acquiring equipment for Bulgaria's Belene Nuclear Power Plant (NPP) during an inspection of Bulgaria's gas link construction with Serbia
Bulgaria's Electrical Industry Dominates Exports Despite Key Challenges
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 Surge to 16-Month High Amid Cold Snap
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
Gazprom-Backed NIS Weighs Exit from Bulgaria and Romania After Financial Losses
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
Bulgaria Weighs Energy Security as Lukoil Refinery Sale Moves Forward
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
Bulgaria Among EU Nations Struggling Most to Keep Homes Warm
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
Bulgaria Shields Businesses from High Electricity Costs Until March
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
