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BGNES
The construction of the gas link between Bulgaria and Greece is expected to start in the beginning of 2018, stated interim Energy Minister Nikolay Pavlov in Azerbaijan.
Pavlov pointed out that intensive work is being conducted at the moment on the preparation of the documents for the announcement of the tender for the construction of the intersystem connector.
The most important thing is that the project has been secured financially, added Pavlov.
The project received gratuitous financing to the amount of EUR 45 M under the European Energy Programme for Recovery.
Besides, Bulgaria has set aside a guarantee to the amount of EUR 110 M which secures a credit under favourable conditions from the European Investment Bank and the European Bank for Reconstruction and Development.
We are working as well on securing additional grant funds from structural and investment funds of the EU, added Pavlov.
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Farmers in Northern Greece are raising alarms about the severe drought affecting their crops and urgently call for cooperation with Bulgaria to address water shortages
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
The National Revenue Agency (NRA) has launched a large-scale inspection targeting thousands of Bulgarian citizens who own real estate abroad
A state of emergency has been declared in the area surrounding the large wildfire near Ierapetra on the Greek island of Crete
A large forest fire broke out near the town of Vourvourou on the Sithonia peninsula in Halkidiki, an area known for campsites and holiday homes
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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