Send to Kindle
File photo
The Bulgarian energy ministry announced on Monday that it had completed the first stage of the construction of the projected gas interconnector between Bulgaria and Serbia.
The financing was provided under the Development of the Competitiveness of the Bulgarian Economy Operational Programme 2007-2013, which is co-funded by the European Regional Development Fund.
The realization of the projected interconnector is in line with the priorities of the government to ensure diversification of the sources and routes of natural gas and the security of gas supplies to the country and the region of Southeastern Europe.
According to forecasts, initially the pipeline will have a capacity to transport 1.8 billion cubic metres per year.
The total cost of the Bulgarian section of the project exceeds BGN 92.6 M, with the expenditures on the first stage surpassing BGN 3.4 M.
Preparations for obtaining funding for the second stage of the project has been initiated.
The construction of the interconnector will be realized and funded by the Innovations and Competitiveness Operational Programme 2014-2020.
The estimated date for the interconnector to enter into exploitation is until the end of 2018.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations
Kiril Vatev, Bulgaria's Minister of Agriculture, has tendered his resignation
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
The Bulgarian government has proposed a significant change to the country's road traffic regulations, aiming to reduce the maximum speed limit on highways from 140 km/h to 130 km/h
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
