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
North Macedonia expresses keen interest in reinforcing energy collaborations with Bulgaria, aiming for joint projects and synchronized legislation alignment with the European Union. Agneza Rusi Popovska, the country's ambassador to Skopje, highlighted this aspiration during a pivotal meeting with Energy Minister Rumen Radev in Sofia.
H.E. Ms. Popovska underscored North Macedonia's eagerness to purchase capacity at the "Chiren" gas storage facility, acquire a stake in the Alexandroupolis LNG terminal, and participate in the second interconnector project between Bulgaria and North Macedonia. Additionally, she emphasized the necessity of Bulgaria's assistance in harmonizing national legislation with EU standards.
Minister Radev acknowledged the recent surge in gas connectivity by augmenting the existing gas connection's capacity by 500,000 cubic meters. He accentuated the pivotal role of electricity connectivity and urged for harmonized efforts between the power exchange operators of both nations.
The dialogue between North Macedonia and Bulgaria indicates a mutual drive to strengthen energy cooperation and pave the way for shared ventures, fostering connectivity and aligning with European energy regulations.
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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