Bulgaria Warned: Gasoline Could Hit €1.50 if Oil Reaches 100 Dollars per Barrel
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
The European Commission has recommended a new submarine cable connecting Bulgaria as part of its Cable Projects of European Interest (CPEI), under the EU’s Action Plan on the Security of Submarine Cables. Bulgaria has been identified as a key country in the “Eastern Mediterranean and Black Sea” priority area, alongside Cyprus, Greece, Romania, Turkey, and Ukraine.
The initiative aims to strengthen connectivity and network resilience in the Black Sea, including new links between Bulgaria, Romania, and Ukraine. The EC highlighted that the region currently depends on a small number of cables, leaving it vulnerable to disruptions. The project forms part of the first phase of the CPEI, extending to 2040, with a goal of mitigating risks from potential attacks, sabotage, or natural disasters. The estimated indicative value for the two recommended cables in the Eastern Mediterranean and Black Sea region stands at €334 million.
In parallel, the Commission has updated the Connecting Europe Facility (CEF) Digital Work Programme, allocating €347 million for strategic submarine cable projects. A portion of this funding is designated for projects of European interest, including the initiative involving Bulgaria.
According to the European Commission, submarine cables carry approximately 99% of intercontinental internet traffic and constitute critical infrastructure for the EU’s economy and security. The new cable security toolkit and the accompanying KPIs were developed in collaboration with EU member states through a dedicated expert group, drawing on a risk assessment published in October 2025.
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Before the Security Council meeting at the Council of Ministers, GERB leader Boyko Borissov stressed the gravity of the current international situation, emphasizing that the war in Ukraine represents a far greater threat to Bulgaria than the unfolding con
Former Bulgarian Defense Minister Todor Tagarev has warned that Iran possesses a wide range of missiles, some of which are capable of reaching Bulgarian territory
Bulgaria's Acting Defense Minister Atanas Zapryanov defined the launch of a ballistic missile from Iran toward Turkey as a serious and dangerous escalation, confirming that the projectile was intercepted and destroyed by NATO missile defense systems.
Bulgarian authorities do not register heightened migratory pressure at this stage. Following a government meeting, Deputy Interior Minister Ivan Anchev stated that there are currently no indicators suggesting an increase in migration flows toward the coun
Bulgaria is reassessing its position regarding the risks posed by the conflict in the Middle East. Acting Minister of Defense Atanas Zapryanov announced that the Ministry of Defense will conduct an urgent analysis of threats and risks following recent dev
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