Sad: Bulgaria and EU Witness Rise in Fossil Fuel Dependency
Recent Eurostat data unveils a concerning trend in the European Union's energy landscape, highlighting an increase in fossil fuel dependence from 69.9% in 2021 to 70.9% in 2022
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Business » Energy
Concerns Rise Over Wind Turbines' Potential Impact on Black Sea Tourism and Fishing
The Bulgarian Parliament has passed the Renewable Sources Energy Act in marine spaces at its initial reading, aiming to establish administrative procedures and principles for the development
Bulgaria-Turkey Gas Network Deal: Bulgartransgaz and Botas Unite
"Bulgartransgaz" and Turkey's gas transmission system operator, "Botas," have officially signed an Agreement for the interconnection of the Strandja - Malkoçlar point, marking a key milestone in fostering the diversification of natural gas sources
Kozloduy Nuclear Power Plant Granted Permit for Storage of Westinghouse Nuclear Fuel
The Nuclear Regulation Agency (NRA) has officially granted Kozloduy Nuclear Power Plant (NPP) a permit for the storage of fresh RWFA-type nuclear fuel produced by Westinghouse, according to an announcement on January 24
Greece and Bulgaria Celebrate New Energy Link for Green Future
The official opening of the second cross-border power line between Greece and Bulgaria marked a significant event during the ministerial meeting of the Central and South-East European Energy Connectivity Group (CESEC) on Friday (January 19th)
Energy Dynamics: Why Bulgaria Opts for Electricity Imports
Bulgaria is undergoing a shift toward becoming a net importer of electricity, driven by economic considerations, warns energy expert Krassimir Manov
Bucharest hosting the high-level renewables investment event Energy Week Black Sea
On 6-8th February, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania
Bulgaria Commits to Phasing Out Coal-Fired Power Plants by 2030, Prioritizing Renewable Energy
Bulgaria's Minister of Environment and Water, Julian Popov, has affirmed the country's commitment to phasing out coal-fired power plants, emphasizing that the transition will be market-driven rather than state-mandated
Anticipated 6% Drop: Bulgargaz Forecasts Significant Price Decrease for Natural Gas in February
Bulgargaz, the national gas company, projects a notable reduction in natural gas prices by nearly 6% for February
Bulgaria Delays Belene Nuclear Equipment Sale, Awaits Unified EU Position on Ukraine
Amidst ongoing uncertainties surrounding the Belene nuclear power plant, Bulgaria's Energy Minister, Rumen Radev, revealed on Friday a strategic decision to postpone the sale of equipment from the unfinished facility to Ukraine
PM Denkov: Bulgaria's Electricity Imports Driven by Cost, Not Capacity Shortage
Prime Minister Nikolai Denkov addressed questions in Parliament, clarifying that Bulgaria imports electricity on certain days or hours due to cost considerations, not due to a lack of generating capacity
After The Escalation In Yemen: Brent Oil Prices Jumped
Brent crude oil prices rose two percent to $78.94 a barrel after the escalation of the situation in Yemen
Concerning: Bulgaria Transforms Into Net Importer Of Electricity Amidst Rising Consumption
As a consequence of the recent cold spell gripping Bulgaria, the nation experienced a notable shift in its energy dynamics, emerging as a net importer of electricity on January 9
Bulgaria Takes Aim at Unfair Gas Agreement with Turkey, Urges Renegotiation for Better Terms
In a bold move, Prime Minister Nikolai Denkov of Bulgaria has revealed the country's intention to renegotiate the terms of a 13-year gas agreement with Turkey’s Botas
Bulgarian Businesses Grapple with 12% Surge in Electricity Prices
Electricity costs for Bulgarian businesses soared by approximately 12% as Monday's trading on the Independent Bulgarian Energy Exchange (IBEX) closed, setting the stage for a steeper bill on Tuesday, January 9
Bulgaria: Thermal Power Plant 'Bobov Dol' Halts Operations Due to Low Electricity Prices
The Thermal Power Plant "Bobov Dol" announced a temporary cessation of its operations, primarily attributed to the prevailing low electricity prices on the power exchange, as stated by the Executive Director, Eng. Lyubomir Spasov on January 4
Bulgaria-Greece Gas Interconnector Expands, Boosting Energy Security in the Region
The Bulgaria-Greece gas interconnector project marks a successful year of operation, transporting over 15.5 million MWh in 2023 without any disruption, reported IGB
Bulgarian Customs Investigates Lukoil Neftohim Amid Russia Restrictions
The National Customs Agency has launched a comprehensive inspection targeting Lukoil Neftohim Burgas, the Rosenets oil port, and over 50 tax warehouses across Bulgaria that are under restrictive measures due to Russia's invasion of Ukraine, as confirmed b
"Bulgargaz" Proposes 11% Decrease in January Natural Gas Prices
"Bulgargaz" anticipates a notable reduction in natural gas prices by approximately 11% starting in January
Azerbaijan Open to Potential Acquisition of Lukoil Neftohim Burgas
Azerbaijan's Ambassador to Bulgaria, Huseyn Huseynov, conveyed in an interview with "Euronews Bulgaria" that Azerbaijan remains receptive to considering the acquisition of Bulgaria's Lukoil Neftohim Burgas oil refinery
European Commission Initiates Proceedings Against Bulgaria, Austria, and Poland for Missed Climate Plan Deadlines
The European Commission has taken formal action against Bulgaria, Austria, and Poland, urging these nations to submit their revised national energy and climate plans aligning with the EU's 2030 climate and energy goals
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UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
