Bulgaria Advances Eurozone Integration with Instant Payment System
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
Since late 2022, Bulgaria has emerged as a key transit point for nuclear fuel, as revealed by the Nuclear Regulatory Agency (NRA) in response to inquiries following Hungarian Foreign Minister Peter Szijjarto's social media disclosure.
Szijjarto's statement on November 8 highlighted the transit of nuclear fuel destined for Hungary's Paks Nuclear Power Plant, originating from Russia and passing through Bulgaria and Romania via ferry.
Subsequently, inquiries by BTA prompted the NRA to provide details. As Bulgaria's nuclear authority, NRA issues permits for nuclear material transit in compliance with national legislation.
NRA's responses indicated permits were issued in 2022 and 2023 for nuclear material transit to Hungary and other EU countries, sanctioned under the Safe Use of Nuclear Energy Act.
The NRA register outlined that the transit wasn't limited to Hungary, with multiple EU nations also receiving nuclear fuel through Bulgaria, facilitated by a Sofia-based company.
Confirming recent transit in late 2023, NRA stated no further requests for nuclear material transit had been received.
Each shipment incurs a BGN 300,000 fee for transit through Bulgaria.
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
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services
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