During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million. This decision stems from the termination of gas supplies to Bulgaria by the Russian company in 2022. Gazprom Export ceased the supply of gas to Bulgaria at the end of April 2022, approximately two months after the onset of the conflict in Ukraine.
Caretaker Minister Vladimir Malinov also disclosed that the Turkish company, "Botas," has agreed to grant Bulgaria a discount of 11 million euros in June.
In response to the unprofitable terms of the existing contract with Botas, Minister Malinov traveled to Turkey at the end of April for negotiations. The contract in question, which was signed during Galab Donev's tenure, spans a duration of 13 years and is valued at over 2 billion dollars.
Furthermore, it was reported that 13 companies have expressed interest in procuring gas through Turkey via the contract with Botas.
Veselin Danev, chairman of the Bulgarian Hotel Association, highlighted a major issue in Bulgaria’s tourism sector: a significant decline in the workforce
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
According to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals, one-third of Bulgarian hoteliers are planning a modest price increase of about 10%
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
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