US Approves New Lukoil Waiver for Bulgaria After Talks With Rubio
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
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The extension of the first Sofia Metro line between Sofia University and Mladost 1 Quarter (Station 13, Red Line) will be opened Friday. Photo by metropolitan.bg
The Bulgarian capital Sofia is going to open officially on Friday part of the extension of the first Sofia Metro line.
The line connecting the Mladost 1 residential quarter and the main building of the Sofia University "St. Kliment of Ohrid" in dowtown Sofia is 6 km long.
It has five subway stations. The distance will be covered in 10 minutes. The line will initially be served by four trains traveling at seven-minute intervals.
A day before the official launch of the new metro line, the construction works around the future subway stations are still in progress.
The constructing of the extension to be opened Friday started in 2006. Part of the line between Interpred and the Darvenitza Quarter does not run underground.
The Metropolitan company, which is in charge of constructing and running the Sofia subway has promised that the final part of the first metro line, which is located in the downtown between the Serdica Metro Station and the Sofia University Metro Station, would be completed by the end of September 2009.
Until then, the two parts of the first metro line - the currently existing part from the Obelya Quarter to Serdica, and the part to be opened Friday - from the Mladost Quarter to Sofia University - will be functioning independently of one another.
With the completion of the connection between Serdica and Sofia University, the first line of the Sofia Metro will be completed, thus connecting directly Sofia's two largest residential quarters - Lyulin and Mladost.
Two more metro lines are planned to be built in Sofia by 2014.
Acting Energy Minister Traycho Traykov said Bulgaria should not tap into its 90-day fuel reserves to ease prices, stressing that they must remain a safeguard in case of an actual supply disruption
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
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