Bulgaria Allocates €7 Million to Modernize Varna and Burgas Terminals
The Ministry of Transport and Communications has greenlit four strategic projects aimed at enhancing intermodal operations and modernizing Bulgaria’s key logistics terminals
Bulgaria's Parliament has revoked the proposal of nationalist party Ataka for a mandatory suspension of the licenses of the three power distributors operating in the country. File photo by BGNES
Bulgaria's Parliament has revoked the proposal of nationalist party Ataka for a mandatory suspension of the licenses of the three power distributors operating in the country, CEZ, EVN, Energo-Pro and their nationalization.
On February 13, Ataka submitted a proposal for the government to start a procedure for the termination of the privatization contracts of the three power distributors within a month.
Under the proposal, the assets of the three companies were to be returned to the state.
Ataka leader Volen Siderov, as cited by Sega daily, argued that the power distributors had not kept the terms of the privatization contracts, they had inflated electricity bills, and the quality of services they offered was poor.
The proposal to move towards nationalization of the power distributors was rejected with 13 votes against, 12 votes for, and 45 abstentions.
The MPs are also to review the proposals of the Bulgarian Socialist Party (BSP) for a full moratorium on deals and construction works in the coastal areas of Irakli, Karadere, Kamchiyski Pyasaci – Shkorpilivtsi, Lake Durankulak - Sveta Anna, Krapets, Lake Shabla, Koral, Arkutino, Dyuni, Maslen Nos, Belite Skali, Boata, Yalata, Kaliakra, Rakitnik, Liman.
Bulgarian MPs are also to hold a second-reading debate on the proposals of the outgoing government for VAT Act amendments and the agreement on terminating Bulgaria's participation in the Burgas-Alexandroupolis oil pipeline project.
Wednesday's parliament sitting started with a one-minute silence in memory of Plamen Goranov, who passed away after setting himself on fire in front of the Varna Municipality building in protest against the corruption stifling the local administration of the Black Sea city.
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
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