Bulgaria's Tourism Shifts Toward Experience-Focused Stays as Demand Grows
Tourism in Bulgaria is increasingly shifting from traditional hotel stays to more experience-focused offerings
Russian company Transneft has not given up on the Burgas-Alexandroupolis oil pipeline project, the company's Deputy President Mikhail Barkov has revealed.
The project is suspended, Barkov has said, as cited by RIA Novosti. However, he has pointed out that it would take just several months for the pipeline to be built if it is revived.
The project's supervisory body will hold a meeting on March 13.
In the beginning of February, Bulgaria paid off a EUR 4.7 M euro debt to Russia for its withdrawal from the construction project of the Burgas-Alexandroupolis oil pipeline. The country is expected to pay interests later.
In December, Bulgaria's government announced it would terminate its participation in the Burgas-Alexandroupolis oil pipeline project, explaining that it was economically unfavorable for the country.
Bulgaria's Finance Minister Simeon Djankov revealed that his country will seek a termination of the trilateral intergovernmental agreement by mutual consent and if the request is rejected, it will pull out of the oil pipeline project in 12 months, as one of the clauses of the contract stipulates.
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
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