Bulgaria Cancels MiG-29 Engine Repair Tender
A public procurement procedure aimed at repairing up to ten engines for Bulgaria’s MiG-29 fighter jets has been cancelled after no companies submitted applications to participate
In a recent interview with GERB MEP Andrey Novakov, Bulgaria's trajectory toward Schengen and Eurozone accession came under the spotlight. Novakov, expressing confidence, hinted at the possibility of securing a 2025 entry date into the land-based Schengen zone once Austria forms a new government. He emphasized that Bulgaria's commitment to Schengen entry is resolute, and he sees potential for navigating the intricacies of simultaneous entry into the Eurozone.
Novakov addressed criticisms from the opposition, dismissing concerns about border queues as temporary and assuring that they would soon dissipate. He framed the delays as a consequence of Austria's upcoming elections, where nationalist rhetoric is being leveraged for political gains. Novakov argued that Bulgaria's obligations to the EU, particularly regarding the Dublin agreement on refugees, remain unchanged.
On the topic of Eurozone entry, Novakov acknowledged that Bulgaria has fulfilled Schengen criteria but highlighted the need to reduce inflation to 2%, a prerequisite for Eurozone participation. He anticipated that tackling inflation would be a crucial task for the incoming government.
Regarding the use of EU funds, Novakov admitted that Bulgaria is at risk of losing funds due to delays in implementing the Public Administration Reform Programme (PVU). He explained that while the PVU was ready in 2020, it only started paying out in 2023, leaving a tight timeframe until the end of 2026. Novakov expressed concern about the potential loss of funds but noted that achieving over 80% utilization would still be commendable.
Europe would be making a strategic error if it sought to address soaring energy prices by returning to Russian fossil fuels, European Commission President Ursula von der Leyen stated on Wednesday
European Commission President Ursula von der Leyen has called the European Union’s decision to reduce its reliance on nuclear energy a strategic misstep, highlighting the bloc’s dependence on imported fossil fuels
Caretaker Prime Minister Andrey Gyurov held talks with European Commission President Ursula von der Leyen in Paris, focusing on Bulgaria’s progress under the Recovery and Resilience Plan and the upcoming payments expected from the European Union
Natural gas prices across Europe fell sharply on Tuesday, dropping 16% to around €47 per megawatt-hour after spiking to a three-year high above €69/MWh the previous day.
European Commissioner for the Economy Valdis Dombrovskis signaled that the EU is prepared to release its strategic oil reserves should the deteriorating situation in the Middle East demand it.
Hungary's government has moved to ban the export of crude oil, diesel, and 95-octane gasoline. Alongside this prohibition, the state plans to release fuel reserves sufficient to cover 45 days of domestic needs
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