Unemployment in Bulgaria Falls to 3.9% in Q1 2025 as Employment Rates Improve
The unemployment rate in Bulgaria fell to 3.9% in the first quarter of 2025
During the European Sustainable Development Week in Brussels, Energy Commissioner Kadri Simson called on Bulgaria to draft a plan aiming to end its reliance on Russian energy imports by 2027. Simson, addressing Politico's event, criticized Hungary for its continued energy purchases from Russia, highlighting the vulnerability it poses to malign influence from Moscow.
Simson's remarks come amidst anticipation of the EU's 12th package of sanctions against Russia, due on November 15. Despite some member states pushing for gas purchase restrictions, it's unlikely that this package will include such measures.
The commissioner's plea for diversification and reduction of Russian energy reliance reflects growing concerns about geopolitical vulnerability and ties between EU countries and Moscow. This directive puts pressure on Bulgaria to strategize its energy independence in the face of regional energy dynamics.
Energy Minister Zhecho Stankov sharply criticized the contract Bulgaria signed with the Turkish gas company Botas
Westinghouse Electric Company has strengthened its Bulgarian supply chain for the Kozloduy AP1000® project, signing memoranda of understanding with seven Bulgarian companie
The European Bank for Reconstruction and Development (EBRD) has invested €50 million in the first bond issuance by Bulgaria's Eastern Europe Electric Company (EEEC)
Turkey has significantly increased its natural gas exports, with a notable surge driven by the development of the Sakarya gas field in the Black Sea
Elliott Investment Management, led by billionaire Paul Singer, is exploring the possibility of acquiring a stake in a set of Bulgarian infrastructure assets, which includes a key extension of the TurkStream gas pipeline
The liberalization of the electricity market for households — meaning that residential consumers would join the free electricity exchange where businesses have traded for years — is being postponed.
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase