Bulgaria Secures €490 Million from EU SAFE Program to Boost Defense Industry
Bulgaria is set to receive €490 million through the EU’s Security Action for Europe (SAFE) instrument
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Whether the Bulgarian state will be able to buy shares from CEZ will be understood at the end of next week. This was announced by the Inercom office.
"Because of the high public interest and driven by our desire for full openness and transparency, we inform you that negotiations between Inercom Bulgaria and CEZ Group regarding the possibility of the Bulgarian state to buy shares in CEZ Bulgaria will be from the middle to the end the next week in Prague, and immediately after their completion, you will receive information on the progress of the talks and the decisions made, "says Inercom's letter.
On Friday, Veselin Vachkov, head of the Czech newspaper Lidove News, commented to BNT that the purchase of state shares in CEZ depends on Czech CEZ's arbitration against Bulgaria. The company filed an international lawsuit against Bulgaria last year because of "a number of interventions by Bulgarian institutions that are damaging to CEZ's activities in Bulgaria and in the long run due to the critical situation in the local energy market that is not improving". Such cases are also carried out by EVN and ENERGO-PRO.
In the signed preliminary contract between CEZ and Inercom of Ginka Varbakova there is a clause prohibiting the buyer from reselling the company without the seller's consent.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
The United Kingdom has decided to extend the validity of the general license covering Lukoil’s subsidiaries operating in Bulgaria, the Ministry of Energy announced.
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
Starting today, the Ministry of Energy and the Energy Regulatory Commission (EKVR) are conducting extraordinary inspections of electricity distribution companies and end suppliers,
In Bulgaria, fuel prices remain largely unchanged, with the international oil market continuing to respond to tensions between the United States and Iran.
Bulgaria is among the EU countries that experienced a notable drop in the use of renewable energy for heating and cooling in 2024, with the share declining by 1.9 percentage points compared to the previous year.
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