Bulgaria: Finance Ministry Ready with Budget Update
Bulgarian Finance Ministry is ready with a draft budget update, which will be submitted when a working parliament is formed.
Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO
- Tweet
Send to Kindle
Map by Prometheusgas.gr
The Bulgarian project company established for the Burgas-Alexandroupolis oil pipeline, which was suspended several years ago, will undergo a senior-level reshuffle as of March 31.
According to Business Register data, as cited by mediapool.bg, the current Executive Director of "Project Company Oil Pipeline Burgas-Alexandroupolis - BG" EAD, Anzhel Dimitrov, will be replaced by Alexander Gargov, member of the Board of Directors of the company.
Gargov headed the company in the period July 2010 – March 2011 and December 2011 – present.
Apart from Gargov, Ivan Ivanov also leaves the Board of Directors of the company.
The BoD welcomes two new members, Mariya Veselinova and Nikolay Lyubenov.
Veselinova will be Chairperson of the Board of Directors of "Project Company Oil Pipeline Burgas-Alexandroupolis - BG" EAD.
Bulgaria’s government announced its decision to stop the Burgas-Alexandroupolis project in end-2011.
The intergovernmental agreement with Russia and Greece was terminated by Bulgaria’s parliament in March 2013.
However, "Project Company Oil Pipeline Burgas-Alexandroupolis - BG" EAD continues to exist.
The project company has a staff of four people, including three BoD members.
The principal of "Project Company Oil Pipeline Burgas-Alexandroupolis - BG" EAD is Bulgaria’s Finance Ministry.
According to a statement of the Finance Ministry, the project company will continue to exist until the closure of the international project company Trans-Balkan Pipeline B.V., where the Bulgarian company controls a 24.5% stake.
Related Articles:
Bulgarian Finance Ministry Publishes Extensive List of US Sanctions’ Possible Targets
The Bulgarian Finance Ministry on Tuesday published a longlist of the persons who fall, or could potentially fall, within the scope of sanctions imposed by the Office of Foreign Assets Control (OFAC) with the US Department of the Treasury.
Bulgarian Finance Ministry: Budget in Red with BGN 619,4 Million
Bulgaria’s Finance Ministry has recorded a consolidated Budget deficit of 619.
Parliament Discussed the BSP's Idea of a "Cultural Check" For Young People
There was no vote on the proposed by the Bulgarian Socialist Party (BSP) bill on the Supplementation of the Protection and Development of Culture Act, which envisaged the introduction of the so- a cultural check for young people.
Finance Ministry Foresees Increasing Minimum Wage to BGN 510 From Jan 2018
The government foresees increasing the minimum wage from BGN 460 to BGN 510 as of January 1, 2018, to BGN 560 as of January 1, 2019 and to BGN 610 as of January 1, 2020.
Finance Ministry Says Budget Surplus Will Exceed BGN 1B at End of March
The budget surplus will, once again, exceed BGN 1B (approximately EUR 500M) at the end of March, the Ministry of Finance forecasts.
Deep Black Sea Gas Will Be Bulgaria’s Cheapest, State to Benefit from Concessions
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
Bulgaria Halts Sale of Nuclear Reactors to Ukraine Over Energy Security Concerns
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
Bulgaria Signs Black Sea Oil and Gas Exploration Deal with Shell
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria's Nuclear Energy Potential for AI and Data Centers
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria and Turkey Strengthen Energy Ties to Replace Russian Gas
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
End of an Era: Last Russian Nuclear Fuel Delivered to Bulgaria's Kozloduy NPP
The final shipment of Russian nuclear fuel for Bulgaria's Kozloduy Nuclear Power Plant has arrived
