Stagnation in Bulgaria's Innovation Performance Raises Concerns
Bulgaria's position in the Global Innovation Index has remained unchanged at 38th place, but the country continues to see a decline in its performance across key indicators
Amidst the high-stakes stage of the 2023 United Nations Climate Change Conference (COP 28) in Dubai, a landmark declaration has emerged, supported by over 20 nations spanning continents, including Bulgaria. This collective effort aims to dramatically increase the global share of nuclear energy by 2050, with resounding endorsements from diverse leaders including Presidents Radev, Macron, Duda, Iohannis, and notable figures like Ulf Kristersson and John Kerry.
President Radev, representing Bulgaria, underscored the pivotal role of nuclear power in securing independence, fortifying security, and nurturing economic growth. Highlighting Bulgaria's half-century track record in safe and efficient nuclear operations, Radev championed nuclear energy as a reliable solution in the world's energy mix.
Acknowledging the challenges associated with renewable energy during the transition phase—such as weather dependency, limited affordable energy storage technology, and financial constraints—Radev emphasized the suitability of nuclear power as a more viable alternative.
John Kerry, in his inaugural address at the conference, emphasized a stark reality: achieving zero greenhouse gas emissions by 2050 necessitates integrating nuclear power or carbon capture and storage technologies based on empirical scientific findings.
The declaration, embraced by heavyweight nations including the United States, France, Sweden, the United Arab Emirates, Romania, Finland, the United Kingdom, Hungary, Canada, and the Netherlands, signals a collective commitment to steer global energy policy towards a nuclear-centric future.
This unified global stance positions nuclear energy as a linchpin in the fight against climate change, fostering optimism for a sustainable energy landscape as the world strives for a carbon-neutral future.
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
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
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023