Send to Kindle
Gennady Timchenko is a prominent businessman, active in the energy trading business, citizen of Finland, currently living Switzerland, and known as a friend of Russian President Putin. Photo by allvoices.com
A company, whose cofounder and shareholder is known as a close friend of Russian President, Vladimir Putin, has requested a permit to trade electric power in Bulgaria.
The Bulgarian online news agency Dnevnik writes that the State Commission for Energy and Water Regulation, DKEVR, will examine Tuesday the licensing request of Dutch-registered Gunvor International B.V.
The company has been established in 1997 by Putin's judo teammate and colleague from the Soviet KGB, Gennady Timchenko, in partnership with Sweden, Torbjorn Tornqvist.
In 2008, Forbes magazine included Timchenko for the first time in the billionaires list. In 2012, he was ranked 99th by the same magazine.
Gunvor is requesting a 20-year license while the trade will be conducted from its Amsterdam office. The plans are to start concluding deals ASAP, earlier than the end of 2012.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), together with the Bulgarian-Ukrainian Chamber of Industry and the support of the Bulgarian Chamber of Commerce and Industry
Ukraine is willing to accept limitations on its trade with the EU as a means to resolve a contentious political disagreement with Poland, according to the Ukrainian trade minister, reported by the Financial Times
Tucker Carlson, the prominent American pundit and former Fox News anchor, has revealed that he will be interviewing Russian President Vladimir Putin during his current visit to Moscow
In a concerning development for global trade, the Suez Canal has experienced a dramatic drop of more than 40% in traffic volume, attributed to repeated attacks by Yemen rebels on merchant ships
Logistic experts foresee serious consequences of the crisis in the Red Sea
Bulgaria’s Prime Minister Nikolai Denkov engaged in vital discussions with Ukraine’s First Deputy Prime Minister Yulia Svyrydenko on January 16, focusing on the strategic coordination of sunflower seed import and transit
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
