Bulgarian Fighter Captured in Ukraine After Serving With Russian Forces (VIDEO)
A Bulgarian national fighting on the Russian side has been taken prisoner by Ukrainian forces during combat operations in eastern Ukraine,
Traicho Traikov, Bulgarian ex-Minister of Economy and Energy. Photo by BGNES
Atomstroyexport's EUR 1 B claim against Bulgaria for scrapping the Belene NPP is "a very weak move," according to former Bulgarian Minister of Economy and Energy Traicho Traikov.
"I think that was a very weak move. They made a poor serve and now Bulgaria only has to slam the ball into their field," said Traikov Wednesday in an interview for the Bulgarian National Radio.
He explained that Bulgaria not only has very good arguments against the claim, but it could also use it as a ground to completely terminate the Belene NPP project.
"The Russian company has been in breach of many clauses of signed contracts so I think we have all chances to win the case," said Traikov.
The former Bulgarian Energy Minister said that he had hoped for a "friendly" parting of the parties on the project, which could minimize losses for both.
Traikov further commented that according to him Bulgaria does not need a new NPP, but must work hard at expanding the lives of already existing Units 5 and 6 of the Kozloduy NPP.
He said that his analysis shows that this would satisfy Bulgaria's energy needs for the coming 30 years.
Current Bulgarian Minister of Economy and Energy Delyan Dobrev has also said he is confident that his country will win the case, which is set to be decided at the International Court of Arbitration in Paris.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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