Trump’s 50-Day Ultimatum to Putin: Massive Tariffs or Else
U.S. President Donald Trump has issued a stark warning to Russia, threatening a new wave of punitive tariffs unless a peace agreement with Ukraine is reached within the next 50 days
President (2002-2012) ABV leader Georgi Parvanov has urged the government to begin talks with Russia about possible gas deliveries to the future Balkan Gas Hub.
Parvanov's words come as Bulgaria wants to set up a regional gas distribution center on its territory and has held a conference with investors to discuss possible routes and modes of public-private partnership.
The former head of state, however, has said Sofia should not seek help from the EU Commission to sit at the table with Moscow, but should rather do it on its own, in a reference to Prime Minister Boyko Borisov's suggestion that Brussels should take part in trilateral talks with Bulgaria and Russia.
"Apparently the phone conversation is not enough," public radio BNR quotes him as saying. Borisov called Russian President Putin in August, in an attempt to unfreeze talks on joint energy projects brought to a halt by the demise of South Stream pipeline in 2014.
"It turned out Prime Minister Borisov and Putin agreed [on gas deliveries], but perhaps there was a misunderstanding. It was made clear there will be no pipe to Bulgaria. Maybe we will force them into launching one?" Parvanov has added and has called for more active diplomatic steps in energy-rich countries, not only Russia but also Azerbaijan and Iran.
His ABV party initially had a minister in Borisov's minority coalition government, but withdrew its support earlier this year.
Parvanov was the Bulgarian mastermind of the three so-called "Grand Energy Slam" projects - Belene nuclear plant, Burgas-Alexandroupolis oil pipeline, and South Stream - which Bulgaria and Russia intended on carrying through together, but which were suspended over the last five years.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
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