Deep Black Sea Gas Will Be Bulgaria’s Cheapest, State to Benefit from Concessions
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
Zoellick: World Bank to Boost Bulgaria's Energy Security
- Tweet
Send to Kindle
World Bank president Robert Zoellick (L) and Bulgarian economy minister Traicho Traikov (second L) inspecting ancient coins in the Varna Museum of Archaelogy. Photo by BGNES.
The President of the World Bank Robert Zoellick, who is on an official visit to Bulgaria, met Tuesday with Bulgarian Minister of Economy and Energy Traicho Traikov to discuss the economic potential of Bulgaria.
Minister Traikov announced the start of an analysis of the Bulgarian gas sector and the security of gas deliveries, to be conducted by Bulgarian and American experts funded by a World Bank grant.
The two high officials also discussed the quality of the electricity distribution network in Bulgaria.
They moreover discussed the potential for active industrial policy of governments in the time of economic and financial crisis.
A strong point of the talks between Traikov and Zoellick was Bulgaria's continuing efforts in reducing administrative burden, which are also actively supported by the World Bank. Bulgaria has adopted a concrete plan to reduce administrative burden by 20% in two years, a fact at which Zoellick expressed satisfaction.
Zoellick's visit to Bulgaria's Varna continued with visiting the local historical and archaeological museums that host rich collections from Antiquity and the Middle Ages.
Related Articles:
EU Considers Legal Routes to Exit Long-Term Russian Gas Deals Without Penalties
The European Commission (EC) is reviewing legal mechanisms that would allow European energy companies to exit long-term contracts with Russian suppliers without incurring significant financial penalties
Bulgaria Signs Black Sea Oil and Gas Exploration Deal with Shell
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria and Turkey Strengthen Energy Ties to Replace Russian Gas
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
Tear Gas and Turmoil: Opposition MPs Disrupt Serbian Assembly Session
Serbia’s parliament descended into chaos on Tuesday as opposition lawmakers clashed with security personnel, hurled smoke grenades and tear gas
Baltic States Cut Energy Ties with Russia, Join EU Power Grid
The Baltic states of Estonia, Latvia, and Lithuania have officially disconnected from Russia’s electricity grid and successfully integrated into the European Union’s power network
Deep Black Sea Gas Will Be Bulgaria’s Cheapest, State to Benefit from Concessions
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
Bulgaria Halts Sale of Nuclear Reactors to Ukraine Over Energy Security Concerns
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
Bulgaria Signs Black Sea Oil and Gas Exploration Deal with Shell
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria's Nuclear Energy Potential for AI and Data Centers
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria and Turkey Strengthen Energy Ties to Replace Russian Gas
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
End of an Era: Last Russian Nuclear Fuel Delivered to Bulgaria's Kozloduy NPP
The final shipment of Russian nuclear fuel for Bulgaria's Kozloduy Nuclear Power Plant has arrived
