Business » Energy

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

Business » Energy | December 21, 2023, Thursday // 16:47 | Viewed: 5104

Government Contemplates Absorbing BGN 1.6 Billion Liabilities from Sofia Heating Company

The Bulgarian National Assembly passed a resolution, greenlighting the potential takeover of liabilities amounting to BGN 1.6 billion from Toplofikacia Sofia, the primary district heating company in the capital city

Business » Energy | December 21, 2023, Thursday // 14:33 | Viewed: 3526

US House of Representatives Probes Bulgarian Legal Amendments on Lukoil's Russian Oil Imports

The United States has formally requested detailed clarification from Bulgaria regarding recent legal amendments passed by the Bulgarian parliament concerning Lukoil, the import of Russian oil, and any exceptions granted

Business » Energy | December 21, 2023, Thursday // 11:40 | Viewed: 4473

European Commission Greenlights EUR 120 Million Aid to Bulgargaz Amid War In Ukraine

The European Commission has given its nod to a EUR 120 million aid package for Bulgargaz Ltd., Bulgaria's state gas supplier, in response to the repercussions of Russia's invasion of Ukraine

Business » Energy | December 20, 2023, Wednesday // 15:54 | Viewed: 4677

Bulgaria's Fuel Exports Total BGN 2.2 Billion

Bulgaria has witnessed the export of fuels amounting to approximately BGN 2.2 billion from January to August, as reported by "Capital," citing the National Statistical Institute

Business » Energy | December 15, 2023, Friday // 14:45 | Viewed: 4648

Bulgargaz Offers Lower Price For Natural Gas In January

Natural gas to become cheaper by nearly 8 percent in January next year and to be sold for about BGN 81 per megawatt hour without taxes and levies

Business » Energy | December 14, 2023, Thursday // 15:00 | Viewed: 4740

Confirmed: Hungary Issued Ultimatum To Veto Schengen If Bulgaria Does Not Remove The Tax On Russian Gas

Hungary has sent an official message to Bulgaria that if the country does not remove the fee for the transfer of Russian gas, Budapest will impose a veto on Bulgaria's accession to Schengen

Business » Energy | December 14, 2023, Thursday // 11:48 | Viewed: 25289

European Commission: Bulgaria Holds Authority to Alter Russian Oil Import Sanctions

During a press briefing, the European Commission disclosed that Bulgaria currently holds a temporary exemption from the broader EU sanctions on Russian oil imports, slated for termination by the year's end

Business » Energy | December 13, 2023, Wednesday // 14:40 | Viewed: 2560

Bulgaria MPs Draft Bill for Black Sea Wind Turbines

A significant legislative proposal has emerged as MPs unveil a draft bill aimed at harnessing wind energy in the Black Sea, specifically near Shabla

Business » Energy | December 11, 2023, Monday // 15:25 | Viewed: 2763

Bulgaria Firm on Lukoil Sale: Insists on Legitimate Ownership for Refinery

Finance Minister Asen Vassilev affirmed Bulgaria's stance on any potential sale of Lukoil, emphasizing that if such a sale were to occur, it must involve a transparent and strategic investor.

Business » Energy | December 11, 2023, Monday // 11:19 | Viewed: 2916

Bulgaria-Serbia Gas Interconnector Officially Inaugurated by Presidents Radev and Vucic

The much-anticipated launch of the Bulgaria-Serbia Interconnector (IBS) witnessed a significant ceremony graced by the presence of Presidents Rumen Radev and Aleksandar Vucic from both nations

Business » Energy | December 10, 2023, Sunday // 12:06 | Viewed: 3887

Ukraine Expresses Continued Interest in Purchasing Belene NPP Equipment

Energy Minister Rumen Radev affirmed Ukraine's ongoing interest in acquiring equipment for Bulgaria's Belene Nuclear Power Plant (NPP) during an inspection of Bulgaria's gas link construction with Serbia

Business » Energy | December 9, 2023, Saturday // 11:00 | Viewed: 3096

Bulgaria Poised to Emerge as Energy Storage Hub: Economy Minister's Talks in South Korea

Economy Minister Bogdan Bogdanov's visit to South Korea has laid the groundwork for a strategic memorandum between the two countries

Business » Energy | December 7, 2023, Thursday // 16:16 | Viewed: 3559

Bulgaria: No Compensation Owed for Recent Power Outages Caused by Snowfall

Electricity distribution operators will not be compensating users for power outages triggered by heavy snowfall across Bulgaria, Energy Minister Rumen Radev confirmed during a parliamentary hearing

Business » Energy | December 7, 2023, Thursday // 14:26 | Viewed: 3133

Speculations Mount as SOCAR Emerges as Likely Buyer of Lukoil Neftohim Burgas Refinery

Speculations are rife about the potential buyer for Lukoil Neftohim Burgas refinery, with Azerbaijani state oil company SOCAR emerging as the primary contender, as reported by Trud newspaper

Business » Energy | December 6, 2023, Wednesday // 16:19 | Viewed: 4139

Bulgarian Finance Minister Assures No Fuel Shortage Amid Lukoil Refinery Sale Consideration

Bulgaria's Finance Minister, Asen Vassilev, addressed concerns about potential fuel shortages following "Lukoil's" deliberations on selling its business in the country

Business » Energy | December 5, 2023, Tuesday // 14:41 | Viewed: 2712

Russia's Lukoil Contemplates Asset Sale in Bulgaria Amid Changing Conditions

Lukoil has announced a strategic review of its Bulgarian ventures due to significant alterations in conditions

Business » Energy | December 5, 2023, Tuesday // 12:20 | Viewed: 3228

Bucharest Hosting the 4th Edition of Energy Week Black Sea

On 6-8th February 2024, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania

Business » Energy | December 4, 2023, Monday // 09:29 | Viewed: 2507

Bulgaria and 20+ Nations in Ambitious Push to Triple Nuclear Energy by 2050

Amidst the high-stakes stage of the 2023 United Nations Climate Change Conference (COP 28) in Dubai, a landmark declaration has emerged, supported by over 20 nations spanning continents, including Bulgaria

Business » Energy | December 2, 2023, Saturday // 10:20 | Viewed: 2866

Bulgargaz Announces Proposed 6.5% Increase in December's Natural Gas Price

Bulgargaz, the public gas supplier of Bulgaria, revealed its proposed final natural gas price for December at 87.50 BGN/MWh (excluding excise duty and VAT), marking a 6.5% increase compared to November.

Business » Energy | December 1, 2023, Friday // 15:42 | Viewed: 2494

Bulgaria Joins Global Push to Triple Nuclear Power Usage

Bulgaria has officially joined a significant declaration aimed at tripling the global share of nuclear power

Business » Energy | November 29, 2023, Wednesday // 17:00 | Viewed: 3759
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