Switzerland Modernizes Nuclear Shelters as Tensions Rise in Europe
Switzerland is preparing to modernize its extensive network of nuclear bunkers, a move prompted by the increasing global uncertainties, especially after Russia’s invasion of Ukraine
A European Energy Forum is taking place in Sofia, within the framework of the Bulgarian Euro-Presidency. The forum was opened by Minister of Energy Temenuzhka Petkova. The Vice-President of the European Commission Maroš Šefčovič, also arrived in our country to participate in it.
Quite unexpectedly, the issue of the sale of CEZ's assets in Bulgaria became part of the first Energy Forum within the Bulgarian Euro-Presidency, which is taking place in Sofia. EU Energy Commissioner Maroš Šefčovič commented that at this stage no clear assessment can be made as to how much the EC can decide on a possible transaction between the state and CEZ-group whether there is any unlawful state aid. He explained that all possible parameters of the purchase of CEZ by the state and what participation should be clear first. Only after that the regulatory committees in Brussels will give their opinion.
On the energy forum, EU Commissioner Šefchovic said he had discussed with Prime Minister Boyko Borissov the big regional energy projects. One of the main subject was building a gas hub, which is supported by Europe.
Temenuzhka Petkova said the public procurement contract for the designer's appointment had ended. Interconnectors with Greece and Romania, the future gas connection with Turkey and the one with Serbia, for which EU funds have been allocated, have been discussed. They talked also about gas supplies from Russia.
Bulgaria is facing another increase in natural gas prices at the start of the new year
During a hearing, Acting Energy Minister Vladimir Malinov indicated that electricity prices might increase during the current heating season
Bulgaria may halt the transit of Russian gas to Serbia via the TurkStream pipeline starting in the new year if Gazprom fails to ensure payment compliance with U.S. sanctions against Gazprombank
Oil prices increased in early Asian trading this morning after the fall of Syrian President Bashar al-Assad introduced greater uncertainty in the Middle East.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023