Crossing Borders: Bulgaria's Full Schengen Membership Transforms Travel to Greece and Romania
With Bulgaria's full integration into the Schengen Area, citizens now have the ability to travel freely to neighboring Greece and Romania
Bulgaria's Finance Minister, Asen Vassilev, engaged in discussions with Scott Nathan, the executive director of the U.S. Development Finance Corporation (DFC), during his visit to Washington. The talks revolved around potential investment opportunities in energy projects within Bulgaria, as well as collaboration on the North-South transport and energy connectivity initiative linking Greece, Bulgaria, and Romania.
A key focus of the meeting was DFC's participation in Bulgaria's gas storage expansion project in Chiren. Additionally, Vassilev and Nathan explored the potential for American involvement in renewable energy ventures, including wind farms, solar, and geothermal energy, along with investments in energy storage infrastructure.
Of particular interest was the discussion on leveraging Bulgaria's nuclear potential, particularly at the Kozloduy Nuclear Power Plant. The meeting in Washington provided a platform for strategic dialogue on enhancing Bulgaria's energy sector and fostering bilateral cooperation with the United States.
Minister Vassilev's participation in the 5th Southeast Europe & East Med conference, hosted by the Delphi Economic Forum, underscored Bulgaria's commitment to regional economic collaboration and showcased opportunities for investment and growth in the energy sector.
Azerbaijan has temporarily suspended natural gas supplies to Bulgaria
KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgarian-based refinery of Russian oil giant Lukoil
Residents of Lovech region staged a second protest over the extended electricity crisis that disrupted their holidays
At a closed session, the Energy and Water Regulatory Commission (EWRC) approved an average increase of 8.42% in electricity prices for household consumers
Starting January 1, 2025, new prices for gas distribution and supply will come into effect for customers of Overgas Networks
The power outage in various regions of Bulgaria has led to serious concerns and protests from local residents
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