Bulgaria's Belene NPP Reactors Set for Ukraine’s Khmelnytskyi Nuclear Plant
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
Bulgarian PM Boyko Borisov has discussed several bi-lateral issues, including those in the energy field, in a telephone conversation with Russian President Vladimir Putin requested by the Bulgarian side.
Borisov informed Putin that concrete steps have been taken in order to effect the payment of NEK's debt to Atomstroyexport which currently stands at EUR 628 M, legal expenses and interest included.
In June, the Arbitration Court with the International Chamber of Commerce in Geneva ruled that Bulgaria pay EUR 550 M to Russia for the terminated Belene project.
Last week, the Bulgarian Parliament approved at first reading that the government lend the National Electricity Company (NEK) BGN 1.2 B in order for NEK to pay Russian Atomstroyexport the equipment ordered and manufactured for the Belene project.
The conversation also focused on the project for a gas distribution centre on the territory of Bulgaria. Borisov and Putin discussed the preparation of a tri-lateral meeting of Bulgaria, Russian and the European Commission in order to clarify the technical, economic and legal details regarding the project.
Borisov and Putin agreed for experts from Bulgartransgaz to inform the Russian side about the developed business model of the Balkan gas hub.
The Russian President applauded Bulgaria’s honest position that the hub should be constructed under mutually beneficial conditions and after receiving written guarantees from the EC.
Borisov and Putin also expressed their satisfaction with the increase of the number of Russian tourists during the 2016 summer season – a 40% growth, compared to 2015.
Ukraine's parliament has given the green light for the acquisition of two nuclear reactors initially intended for Bulgaria's Belene Nuclear Power Plant (NPP)
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
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