Bulgaria: What Taxpayers Need to Know After the Euro Changeover
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
Photo: BGNES
Deputy Chair of leftist party ABV and former Minister of the Interior, Rumen Petkov said Monday that a new referendum will be proposed in Dobrich regarding shale gas extraction.
In an interview for the Bulgarian National Television, he stated that referendums need to become a part of our everyday lives. Petkov added that further public skepticism has been in the way of a new vote after the unsuccessful former attempt regarding the Belene power plant.
He said that Bulgaria is on the verge of losing its spot of an energy center on the Balkans, a position the country has fought for over many years. The question for energy diversification also came up. Petkov added that a number of critics stated the fact that most of the used in Bulgaria oil and gas supplies come from Russia and the country needs to be more independent.
He mentioned that in case Bulgaria is eventually eliminated from the Turkish Stream project, the financial consequences will be severe and that a solution needs to be found through more intensive negotiations. Thus, Bulgaria will not be buying from Russia, but from Turkey, but energy dependence will in no way be eliminated.
Additionally, the former Bulgarian interior minister announced that his party would join President Rosen Plevneliev on his referendum proposal on voting procedures. According to Petkov, more authority needs to be given to the Presidential institution.
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.
Russia’s oil giant Lukoil, which is under U.
Bulgaria and the United States have agreed to step up cooperation in the energy sector by setting up a joint expert structure to work on priority projects of shared strategic importance.
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