Putin Declares Easter Ceasefire in Ukraine War
The Kremlin has announced that Russian President Vladimir Putin has ordered an “Easter ceasefire” in the war in Ukraine, declaring a temporary halt in hostilities lasting around 36 hours
HOT: » Which party would you vote for (if you could) in the upcoming snap vote in Bulgaria on April 19?
Bulgarian PM Boyko Borisov has discussed several bi-lateral issues, including those in the energy field, in a telephone conversation with Russian President Vladimir Putin requested by the Bulgarian side.
Borisov informed Putin that concrete steps have been taken in order to effect the payment of NEK's debt to Atomstroyexport which currently stands at EUR 628 M, legal expenses and interest included.
In June, the Arbitration Court with the International Chamber of Commerce in Geneva ruled that Bulgaria pay EUR 550 M to Russia for the terminated Belene project.
Last week, the Bulgarian Parliament approved at first reading that the government lend the National Electricity Company (NEK) BGN 1.2 B in order for NEK to pay Russian Atomstroyexport the equipment ordered and manufactured for the Belene project.
The conversation also focused on the project for a gas distribution centre on the territory of Bulgaria. Borisov and Putin discussed the preparation of a tri-lateral meeting of Bulgaria, Russian and the European Commission in order to clarify the technical, economic and legal details regarding the project.
Borisov and Putin agreed for experts from Bulgartransgaz to inform the Russian side about the developed business model of the Balkan gas hub.
The Russian President applauded Bulgaria’s honest position that the hub should be constructed under mutually beneficial conditions and after receiving written guarantees from the EC.
Borisov and Putin also expressed their satisfaction with the increase of the number of Russian tourists during the 2016 summer season – a 40% growth, compared to 2015.
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
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began