Bulgaria Tops Europe in Black Caviar Exports
Bulgaria has emerged as Europe’s top exporter of black caviar, according to Assoc. Prof. Violin Raykov from the Institute of Oceanology at the Bulgarian
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Prime Minister Nikolai Denkov addressed questions in Parliament, clarifying that Bulgaria imports electricity on certain days or hours due to cost considerations, not due to a lack of generating capacity. Denkov responded to inquiries about Bulgaria's early January electricity imports from Turkey and North Macedonia posed by Dragomir Stoynev MP (BSP for Bulgaria).
Context: Bulgaria transforms into net importer of electricity amidst rising consumption
Denkov emphasized the need for Bulgaria to remain competitive in the regional market, stating, "There is a technological competition on how to produce cheaper electricity and create an energy mix that will enable regions and countries to produce the cheapest, competitive electricity on the market."
Highlighting the importance of advancing renewable energy sources, including hydropower and nuclear energy, the Prime Minister stressed ongoing efforts to accelerate the construction of two nuclear reactors. Denkov underlined the significance of maintaining a competitive edge, citing Bulgaria's status as a net electricity exporter last year.
Responding to criticisms from MP Dragomir Stoynev regarding promises made to miners and energy workers during protests against coal phaseout plans, Denkov asserted that the government had fulfilled its commitments. He conveyed recent meetings with miners and energy workers, stating, "We will brief the National Assembly, too." Denkov also addressed the challenges, attributing them to misinformation over the years and affirmed the government's commitment to engaging in discussions to address the situation.
Bulgaria has officially secured a 10 per cent stake in a consortium engaged in oil and gas exploration in the Black Sea, becoming a direct investor in the development of the country’s offshore energy resources.
Bulgargaz has submitted a proposal to the Energy and Water Regulatory Commission (EWRC) for a nearly 4 percent increase in natural gas prices starting February.
Energy Minister Zhecho Stankov has firmly rejected claims by former Finance Minister Asen Vassilev from "We Continue the Change" that Bulgaria’s inflation is driven by high household electricity prices
The U.S. Department of State, the University of National and World Economy (UNWE), and Bulgarian Energy Holding (BEH) yesterday concluded two seminars on stakeholder engagement and industrial applications of small modular reactors (SMRs)
Washington has prolonged the validity of a US license allowing negotiations for the sale of foreign assets owned by the Russian oil major Lukoil, extending it until February 28
Bulgaria is set to take an active role in oil and gas exploration in the Black Sea, joining forces with international energy companies OMV and NewMed, outgoing Energy Minister Zhecho Stankov announced
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