Bulgaria Secures €490 Million from EU SAFE Program to Boost Defense Industry
Bulgaria is set to receive €490 million through the EU’s Security Action for Europe (SAFE) instrument
Bulgaria's Kozloduy NPP
Hungary has failed a waiver that would have allowed countries like Bulgaria to continue importing Russian nuclear fuel despite sanctions, according to a Politico publication. The meeting of the EU permanent representatives on the 10th sanctions package against Russia continues today.
The proposal would have included a standstill clause under which imports of Russian nuclear fuel would have continued as long as necessary. A number of EU countries still rely on Russian nuclear fuel rods, but are preparing to switch to other suppliers.
President Rumen Radev recently warned that, if necessary, Bulgaria would veto such a ban.
A week ago, it became clear that Bulgaria and a number of other EU countries can request such a derogation.
Yesterday, Ukrainian Economy Minister Yulia Svyrydenko tried to convince the ambassadors to impose sanctions against Rosatom.
However, Hungary is strongly opposed, as it is building two reactors at its nuclear plant with this very company and with loans from Moscow.
According to "Politico", however, the country has given up its claims to remove 4 names from the tenth package of sanctions against Russia. In exchange, the deadline for renewing the restrictive measures against persons connected to the aggression in Ukraine remained at 6 months and was not increased to 12, as was proposed.
For now, the European Commission's proposal to impose fines on individuals and institutions that do not report the location of Russian assets is also rejected. This has been opposed by almost half of the EU member states.
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/Politico
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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