European Gas Prices Drop Nearly 6% Amid Record LNG Imports
European natural gas prices dropped sharply on Tuesday, with early trading showing a decline of nearly 6% to €27.30 per megawatt-hour, reflecting abundant global supplies
Bulgaria's Prime Minister Dimitar Glavchev has called for a working meeting at the Council of Ministers today, involving Deputy Prime Minister and Minister of Finance Lyudmila Petkova, along with the Ministers of Interior, Environment and Water, Agriculture and Food, Regional Development and Public Works, Economy and Industry, Energy, and Defense. This meeting will address the severe flooding situation affecting Central and Eastern Europe, which has been exacerbated by record rainfall. The discussion will center on whether the Bulgarian government needs to take preventive measures in response to the disaster.
Poland has declared a state of emergency due to flooding in the southern regions of the country. The rising waters have resulted in two fatalities, with bridges being swept away and evacuations underway in several villages. Many schools and kindergartens are closed today.
In Romania, the floods have claimed six lives, with one person still missing. The disaster has impacted 28 settlements, leading to the evacuation of over 300 individuals. Cyclone Boris continues to affect various regions in Central and Eastern Europe. In Austria, a state of emergency has been declared in Lower Austria, where a firefighter involved in rescue efforts has been confirmed dead. The overflow of rivers has inundated streets and roads, and the Otenstein Reservoir is nearing capacity, potentially leading to further flooding.
Bulgaria weather forecast for Wednesday, January 14, predicts varied conditions across the country, with fog lingering around the Danube and cloudier skies over central and eastern regions.
Bulgaria has been gripped by severe winter conditions in recent days, with polar cold and snowfall turning travel across the country into a serious challenge
Cold conditions will persist across Bulgaria on Tuesday, with morning temperatures dropping further, while daytime values edge up slightly.
A yellow warning for extremely low temperatures will be in force on Monday across all of Northern Bulgaria, as well as in several regions south of the Balkan Mountains. Alongside northern areas, the cold alert also applies to Sofia City, Sofia Region, Kyu
The year 2025 continued Bulgaria’s trend of above-average temperatures, with the country registering an annual mean roughly 1.2°C above long-term climate norms.
Bulgaria is set for a cold and wet weekend on January 10-11, 2026, with widespread cloud cover and precipitation across the country.
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