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"The probability of Gazprom requesting and winning an arbitration case against Bulgaria has been minimized. We are thinking in the direction of filing claims against 'Gazprom'", acting Minister of Energy Rosen Hristov said on the National Television regarding the suspension of natural gas deliveries from Russia in 2022.
"What is happening in other countries regarding the legal case is being carefully monitored and preparations are being made to move in this direction", he said.
According to him, a lot of analysis must be done and a strong position must be built in order to have a chance to win. "Much work is planned with international law firms with a lot of experience in the field, who are currently monitoring and preparing a position for Bulgaria. I believe that within a month or two we will have a prepared position so that we can start arbitration", explained the minister.
He added that it is too early to say what the value of Bulgaria's claim will be.
Rosen Hristov stated that he is not worried about a possible revision in the Ministry of Energy by a regular government. "Not only am I not worried, I am even proud of what I have achieved, especially in such a short period of time. I believe that such a revision will be made so as to validate what I am saying. The results are obvious", added the minister, quoted by BTA.
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In 2024, Bulgaria ranked second in the European Union in terms of road fatalities, according to a European Commission report assessing progress toward the goal of halving road deaths and injuries by 2030
The market for brand new passenger cars in Bulgaria saw notable growth in 2025, according to data from the Association of Automobile Manufacturers and their authorized representatives
At the start of the year, Bulgaria’s fruit market has seen notable price swings, particularly for citrus fruits. Data from the State Commission for Commodity Exchanges and Markets (DCBMT) show that in January, tangerine prices surged by over 14 percent
In January, Bulgaria recorded a monthly inflation rate of 0.6%, marking the first month after the country’s adoption of the euro
A new survey by the sociological agency Market Links shows that if parliamentary elections were held now, five political formations would enter the National Assembly, with the future coalition around Rumen Radev clearly in the lead
Atmospheric pressure is set to increase, though it will stay below the typical levels for this time of year. Overnight, precipitation will persist in parts of southwestern Bulgaria and in eastern regions, while higher elevations may see light snowfall.
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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