Bulgarians Join Balkan Protest Against Soaring Food Prices
Bulgaria has joined Croatia, Bosnia and Herzegovina, and Montenegro in organizing protests against rising food prices
Bulgaria, which aims to reduce its almost total dependence on Russian gas supplies, will soon publish details of a licensing round to open the Silistar and Teres oil and gas blocks in the Black Sea, a senior government official has said.
In an interview with Reuters, Bulgaria's Deputy Energy Minister Zhecho Stankov said on Wednesday that diversification from Russia and making Bulgaria an energy hub are priority tasks for the southeast European country.
Speaking on the sidelines of a meeting of EU energy and environment ministers in Latvia’s capital Riga, Stankov told Reuters: "We want to change to south to north," adding the status quo was from the Russian north to the south.
"We want (pipelines) TAP, TANAP and a vertical corridor."
You can read the full Reuters article “Bulgaria seeks to redraw EU pipeline map away from Russia” here.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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