War in Ukraine and Falling EU Demand Drive Bulgaria’s 2025 Export Decline
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
The much-anticipated launch of the Bulgaria-Serbia Interconnector (IBS) witnessed a significant ceremony graced by the presence of Presidents Rumen Radev and Aleksandar Vucic from both nations. Celebrating this milestone, the interconnector spans a total length of 170 kilometers, with 62 kilometers traversing Bulgarian terrain and linking the town of Novi Iskar in Bulgaria to Nis in Serbia.
This strategic gas pipeline holds immense importance, boasting a formidable capacity of 1.8 billion cubic meters of natural gas annually. Positioned as a crucial asset in the region, the interconnector serves as a pivotal instrument in diversifying natural gas supplies across South-East Europe, bolstering the region's energy security.
Preceding the ceremonious inauguration slated for 11 am Bulgarian time, President Rumen Radev is set to engage in a bilateral meeting with his Serbian counterpart Aleksandar Vucic, marking an essential moment in bilateral relations between Bulgaria and Serbia.
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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