Big Win for Bulgaria and Romania as Austria Lifts Schengen Veto!
Austria has officially announced that it is lifting its veto on Bulgaria and Romania’s accession to the Schengen Area by land
Amidst ongoing uncertainties surrounding the Belene nuclear power plant, Bulgaria's Energy Minister, Rumen Radev, revealed on Friday a strategic decision to postpone the sale of equipment from the unfinished facility to Ukraine. The key factor behind this move is Bulgaria's keen anticipation of a more cohesive and unified EU stance, particularly concerning financial support for Ukraine. Radev expressed confidence that progress toward EU consensus will be achieved before any transaction proceeds. The minister emphasized that the equipment marked for potential sale is currently in excellent condition, indicating its suitability for deployment. Additionally, Radev clarified that the waiting period has allowed Bulgaria to explore the potential domestic use of certain components, such as parts of the steam generators. Despite theoretical considerations, it has been firmly established that these components are not needed for Bulgaria's own energy requirements.
This delay in the sale of Belene's nuclear equipment underscores Bulgaria's cautious approach, taking into account both geopolitical dynamics and the importance of a synchronized EU position before engaging in transactions of strategic significance.
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
Russian energy giant Lukoil has announced plans to sell its largest asset in the Balkans
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
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