Gas Stations in Bulgaria Struggle with Dual Currency Display Ahead of Euro Adoption
From August 8, Bulgarian gas stations are expected to display fuel prices in both leva and euros, as part of the euro adoption process
Bulgaria's biggest private gas supplier Overgas has signed a new deliveries contract that gives it gas from the biggest state company.
Bulgargaz will pump BGN 300 million cubic meters of gas to the private company, allowing it to meet the needs of 60 000 households and 3000 public and industrial consumers.
Gazprom halted supplies to Overgas at the end of last December, citing commercial issues, prompting the private suplier to demand gas from the state-owned company.
The supply network of Overgas was taken over by Sasho Donchev, who until then had a 50% stake in the company alongside the Russian energy giant.
Overgas in September demanded that its firs contract with Bulgargaz be terminated, and that conditions should be renegotiated, but the latter request was turned down.
Bulgargaz receives the bulk of its gas from the Russian holding - the same source Overgas had been using until the end of last year.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
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