Europe is financing Putin's War in Ukraine at 200,000 Euros a Minute

Russia has sold fossil fuels worth 46.6 billion euros to European Union countries since the start of the war in Ukraine on February 24 this year, according to the Finnish-based Center for Energy and Clean Water Research (CREA)

Business » Energy | April 29, 2022, Friday // 09:23 | Viewed: 2251

In Bulgaria a Regional Coordination Center for Gas and Electricity Supply in Southeast Europe will be established

“Bulgaria is able to replace all gas supplies from Russia”, Deputy Prime Minister Asen Vassilev told reporters in Brussels.

Business » Energy | April 28, 2022, Thursday // 20:58 | Viewed: 2519

Greece will Pay Gazprom without Violating Sanctions against Russia

Greece plans to pay Russia's gas supplier Gazprom next month in a way that will not violate European Union sanctions against Russia. This was stated by the Minister of Energy Kostas Skrekas.

Business » Energy | April 28, 2022, Thursday // 15:23 | Viewed: 2680

Bulgaria: In Case of Complete Gas Shutdown Buses of the Public Transport in Sofia will be Cut in Half

“If the gas is completely stopped, after the end of May the buses in the public transport will run according to a holiday schedule (30 minutes rough estimate).

Business » Energy | April 28, 2022, Thursday // 15:16 | Viewed: 4529

World Bank: The World is Entering an Era of Price Shock

The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.

Business » Finance | April 28, 2022, Thursday // 13:31 | Viewed: 2401

Turkey's Central Bank forecasts Inflation Growth of 42.8% in 2022

The Central Bank of Turkey announced at a briefing on Thursday that it has revised its inflation forecasts and now expects them to grow by as much as 42.8% by the end of 2022, compared to a previous inflation forecast of 23.2%.

Business » Finance | April 28, 2022, Thursday // 13:21 | Viewed: 1877

Hot Water in Sofia may become Cooler due to Problems with Natural Gas Supplies

“There is no danger of stopping the hot water in Sofia in the summer due to the suspended gas supplies by Gazprom

Business » Energy | April 28, 2022, Thursday // 09:52 | Viewed: 2753

Germany is Russia's largest Fuel Buyer after the Start of the War

The funds with which Germany buys Russian fuel are the largest share of revenues in Russia's budget in the first two months of the war in Ukraine. This was stated by an independent research group, writes Sky News.

Business » Energy | April 28, 2022, Thursday // 09:27 | Viewed: 2168

Greece will help Bulgaria with the Gas Supplies situation

“Greece will offer assistance to Bulgaria after Russia suspended gas supplies to our country”. This was statedtoday by the Prime Minister of Greece Kyriakos Mitsotakis to Kiril Petkov today, Reuters reports.

Business » Energy | April 27, 2022, Wednesday // 14:15 | Viewed: 2994

Bulgaria will not Suspend Gas Supplies to Serbia and Hungary but will Review Contracts with Gazprom

For the time being, Bulgaria has no intention of stopping transit gas to Serbia and Hungary. This became clear at a briefing by Bulgarian Energy Minister Alexander Nikolov, who gave more details about Gazprom's decision to suspend natural gas supplies to

Business » Energy | April 27, 2022, Wednesday // 12:43 | Viewed: 3495

100 Buses and 300 Trucks took part in the Protest of Carriers in Sofia

About 100 buses and 300 trucks took part in the protest of the carriers against the high fuel prices and the introduction of new tariffs for the toll system. They were positioned in front of the Council of Ministers, parliament and from BNB to Alexander N

Business » Industry | April 27, 2022, Wednesday // 12:10 | Viewed: 2460

Austria has Agreed to Pay for Russian Gas in Rubles after the cut to Bulgaria and Poland

Austrian Chancellor Karl Nehammer announced on Wednesday that his government, along with Austrian oil company OMV, has agreed to pay for Russian gas imports in rubles.

Business » Energy | April 27, 2022, Wednesday // 12:01 | Viewed: 5242

Gazprom: Gas Supplies to Poland and Bulgaria have been Suspended until they Pay in Rubles

Gazprom has completely cut off supplies to Bulgargaz and PGNiG because the countries do not pay in rubles for fuel.

Business » Energy | April 27, 2022, Wednesday // 11:46 | Viewed: 2477

Bulgarian Ministry of Energy: We have Enough Gas for a Sufficiently Foreseeable Period

Yesterday, a letter was received from Gazprom Export, stating the suspension of natural gas supplies to Bulgaria. This should be confirmed in practice in minutes.

Business » Energy | April 27, 2022, Wednesday // 09:34 | Viewed: 5061

Bulgartransgaz: At this stage, the Supply of Russian Gas to Bulgaria has not been Interrupted

"At this stage, Russian gas supplies to Bulgaria have not been interrupted so far," Vladimir Malinov, executive director of the Bulgarian gas network operator Bulgartransgaz, told Reuters.

Business » Energy | April 27, 2022, Wednesday // 09:13 | Viewed: 2375

Russia has resumed Gas Supplies to Poland

Gas supplies to Poland from Russia have been restored. This is shown by data from the network of gas transmission operators of the European Union on Wednesday, quoted by Reuters.

Business » Energy | April 27, 2022, Wednesday // 08:53 | Viewed: 2673

Expert: The Russians will renew Gas supplies to Bulgaria before our Supplies run out

“Before running out of supplies in Chiren, the Russians will release gas to Bulgaria. This case will not last more than a week, maximum 10 days, as this is a kind of test of what would be the effect if natural gas supplies are cut in Europe.”

Business » Energy | April 27, 2022, Wednesday // 08:46 | Viewed: 2706

Russia suspends Gas Supplies to Bulgaria tonight

Today, Bulgargaz received a notification that natural gas supplies from Gazprom Export will be suspended as of April 27.

Business » Energy | April 26, 2022, Tuesday // 23:22 | Viewed: 5873

Central Heating in Sofia will gradually Phase Out in the coming days

As of today, April 26, Sofia District Heating (“Toplofikacia”) will start phasing out the heating in the capital, the company announced.

Business » Energy | April 26, 2022, Tuesday // 17:46 | Viewed: 3374

Bulgaria: Budget Deficit of 4.1% and Government Debt of 25.1% of GDP in 2021

The institutional sector "State Government" reports a budget deficit of BGN 5.433 billion, which is 4.1% of Bulgaria's gross domestic product (GDP), according to preliminary data from the National Statistical Institute.

Business » Finance | April 26, 2022, Tuesday // 15:42 | Viewed: 1831

A German Company offers 88 Leopard Tanks to Ukraine

German arms manufacturer Rheinmetall has offered to sell 88 second-hand Leopard battle tanks to Ukraine. The offer apparently includes training in Germany, spare parts and ammunition, according to documents obtained by the DPA.

Business | April 26, 2022, Tuesday // 10:20 | Viewed: 3158
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria