Trump Seeks Ukraine-Russia Peace by July 4
The Trump administration is reportedly aiming to secure a peace agreement between Russia and Ukraine by July 4, coinciding with the United States’ Independence Day celebrations
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Bulgaria's Parliament confirmed Wednesday the country's decision to abandon the Belene nuclear power plant project.
The vote was prompted by a recent referendum on the construction of a new nuclear power plant in the country.
Under the law, the recent referendum results imposed for the Belene NPP to be put back on the Parliament's agenda, as voter turnout slightly exceeded 20%. 61% of the voters said "yes" to the construction of a new nuclear power plant; 39% cast a "no" ballot.
The right-wing Blue Coalition and the ruling center-right GERB have opposed plans for the construction of Bulgaria's second nuclear power plant, while the left-wing Bulgarian Socialist Party and the far-right nationalist Ataka have fervently supported the project.
Ahead of the Tuesday sitting, the Blue Coalition tabled a proposal to scrap the project for good, while BSP countered with the exactly opposite one.
A total of 114 MPs voted in favor of the Blue Coalition's proposal, while 40 were against.
A total of 96 lawmakers voted against BSP's proposal, while 33 were in favor and one abstained.
Lawmakers from BSP and Ataka expressed their hope that the next Parliament will revive the project.
Borisov's GERB government scrapped the project for the construction of Belene back in March 2012. The move led Russia's Rosatom to file a suit with an international arbitration court in Paris.
After it was first started in the 1980s, the construction of Bulgaria's second nuclear power plant at Belene on the Danube was stopped in the early 1990s over lack of money and environmental protests.
The Belene NPP has been de facto frozen since the fall of 2009 when the previously selected strategic investor, the German company RWE, which was supposed to provide EUR 2 B in exchange for a 49% stake, pulled out.
Borisov and his Cabinet resigned last week amidst mass protest rallies against unbearable utility bills and wide-spread poverty that turned into a civil unrest against the political model of ruling the country.
On Wednesday, the Parliament also recommended that the government announce an international competition for bids on the construction of an additional nuclear unit on the site of the existing Kozloduy NPP.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
Fuel prices in Bulgaria have already begun to climb in some areas, with gas station owners linking the increase to the escalating conflict in the Middle East
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
Acting Energy Minister Traycho Traykov commented on Nova TV that the recent rise in fuel prices in Bulgaria is modest, with gasoline and diesel increasing by just three cents, reflecting crude oil quotations
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