Cloudy Tuesday Ahead for Bulgaria with Rain and Mountain Snow
On Tuesday, much of Bulgaria will remain under considerable cloud cover.
In a recent interview on Dir.bg’s program "The European Parliament in Focus," Tsvetelina Penkova, MEP from the S&D Group, addressed growing tensions between the European Commission (EC) and the European Parliament (EP) regarding the proposed Multiannual Financial Framework, which bundles 860 billion euros for regional development and agricultural support under a single funding umbrella. Penkova noted that the EC could use this approach as a political tool, deciding which countries receive funding and which do not. She stressed that all parliamentary groups in the EP will insist on a review of the seven-year budget.
Penkova also discussed Bulgaria’s position on the European energy map, particularly regarding nuclear energy, a sector identified as key in the EU. She pointed out that many officials in Brussels are asking why Bulgaria has not completed the Belene Nuclear Power Plant project. She clarified that there is a widespread misconception that the EU has blocked the project, which is not the case.
Several additional points from Penkova’s remarks highlighted shifts in EU energy and budget policy. For the first time, the EU’s multiannual budget includes funding earmarked specifically for new nuclear power plants, totaling 9.5 billion euros (approximately 19 billion BGN). She also warned that if the EC is dissatisfied with a government, it can withhold funding, while the direct dialogue between regions and European institutions is interrupted, limiting the ability of regional authorities to independently request project financing.
Penkova’s comments underline the intersection of EU financial oversight, energy policy, and Bulgaria’s strategic decisions in both areas, emphasizing the political and technical challenges facing the country in implementing major infrastructure projects like Belene.
Fuel prices at wholesale bases, which supply both gas stations and agricultural producers, continue to rise steadily, prompting increased activity at fuel outlets across Bulgaria
OMV Petrom has announced that it will join the consortium exploring the offshore Khan Tervel gas block in the Bulgarian sector of the Black Sea, marking a significant expansion of its footprint in a region of growing strategic importance for Europe’s ener
Fuel prices in Bulgaria have continued to rise sharply over the past week, according to data from the Fuelo platform, as reported by BTA.
In Bulgaria, energy experts are calling for greater transparency in fuel pricing, focusing on the role of Lukoil Neftochim, which dominates the country’s oil market
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
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