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Map of the projected South Stream track. By Wikipedia.
Italian PM Mario Monti met Russian counterpart Dmitry Medvedev Monday in a visit set to reaffirm and push forward the two countries' strategic cooperation.
Later, Monti will meet Russia's President Vladimir Putin in Sochi to discuss developments in the South Stream natural gas pipeline project.
The two leaders are also expected to discuss the international situation, especially the aggravated violence in Syria.
The Italian-Russian energy cooperation was given a further push Monday, when Italian company Eni and Russian Rosneft signed an agreement for fuel exploration in the Black Sea and Barents Sea.
The Italian and Russian parties have said that they expect the final investment decision for South Stream to be ready by the end of 2012.
The South Stream pipeline is set to cost some EUR 15 B and transport some 63 bcm of natural gas from Russia through Bulgaria and on to Italy and Austria.
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
The introduction of the euro in Bulgaria has so far produced only a limited and largely one-off effect on consumer prices, according to an analysis by the European Central Bank
The Central Election Commission (CEC) in Bulgaria has confirmed that a total of 6,575,151 citizens are eligible to vote in the upcoming elections on April 19
The production team behind the upcoming film about Bulgarian football legend Hristo Stoichkov has unveiled early impressions of the project, along with its official dual-title release strategy aimed at different audiences
TikTok has removed 34 accounts linked to what it described as coordinated inauthentic activity connected to Bulgaria’s upcoming parliamentary elections
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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