Bulgaria
Bulgarian Energy Minister Assures Consumers of Stable Electricity Bills Amid Market Liberalization
Speaking at a press conference, Stankov explained that despite the transition to a liberalized electricity market, household bills will remain stable. He pointed to the Electricity System Security Fund as a key mechanism in mitigating cost increases
Bulgaria
Bulgaria Launches Large-Scale Fuel Station Inspections to Combat Smuggling and Tax Evasion
The large-scale operation, aimed at cracking down on tax evasion and fuel quality violations, is being conducted by multiple state agencies under the coordination of the Interdepartmental Coordination Center for Counteracting Smuggling
Bulgaria
KazMunayGas Eyes Acquisition of Lukoil’s Bulgarian Refinery in $1 Billion Deal
The sale process, currently underway, has attracted multiple bidders, with Litasco SA—the primary shareholder of Lukoil Neftochim Burgas AD—having accepted binding offers from several interested buyers, including KazMunayGas
Bulgaria
Sofia Residents to Face Higher Heating Bills in January, Expert Warns
The primary reason behind the surge in bills is the lower average temperature in Sofia this January, which has already been recorded at approximately 0.7 degrees Celsius below that of December 2024
Bulgaria
Lukoil Dismisses Reports of Burgas Refinery Sale to Qatari-British Consortium
The statement, issued on November 7, refutes claims published by the Financial Times that the Russian energy company was preparing to sell its stake in the Burgas-based refinery, a strategic asset and the largest of its kind in the Balkans
Bulgaria
Bulgarian Oil Expert Anticipates Stable Fuel Prices Amid Middle East Tensions
During the event, Benchev acknowledged the uncertainty surrounding the current situation, particularly regarding key oil producers like Iran, but remained hopeful that prices would not spike significantly
Bulgaria
Electricity Prices in Bulgaria Remain Highest in Region as August Sees Record Highs
On August 26, the "Day Ahead" market prices surged to 322 leva per megawatt-hour (MWh), while the average price for the month stands at approximately 240 leva/MWh. This marks a significant increase from the 267 leva/MWh average recorded in July
Bulgaria
Bulgarian Council of Ministers Greenlights Major Investment Projects in Renewable Energy and Defense
The ambitious project represents a substantial financial commitment of 240 million leva, earmarked for both tangible and intangible assets. This investment is poised to generate considerable economic benefits, including the creation of 812 new jobs
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EU Urges Caution and Clarity Amid Sabotage Claims Over Bulgaria’s New F-16 Jet
Speaking at a press briefing, European Commission spokesperson Thomas Regnier emphasized the importance of a measured and fact-based approach, particularly in light of sensitive national defense issues
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Northwest Bulgaria Reels from Second Flood Wave in Two Weeks
Local officials and residents are still grappling with the aftermath, as basements and ground floors across the area were flooded, and gardens and yards turned into muddy ponds. “The situation is alarming,” said Alexander Alexandrov, mayor of Lehchevo
Six Bulgarians Convicted of Espionage for Russia Await Sentencing in London
The verdict, delivered after a multi-day trial at the Old Bailey, follows a sweeping investigation that uncovered a sophisticated spy ring working to surveil Kremlin dissidents and Western targets between 2020 and 2023
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Flu Season in Bulgaria Yet to Peak: Rising Cases and Health Warnings
Although some regions, like Blagoevgrad, have already seen a significant rise in flu cases, areas such as Sofia and Burgas have not experienced a major surge. However, hospitals in Sofia are beginning to fill up with flu patients, and the situation remains closely monitored
Bulgarian Sailors Reunite with Families After 14 Months in Houthi Captivity
The two sailors were accompanied by a Romanian crew member, who was welcomed by Romania’s ambassador. The release of the sailors followed a complex diplomatic operation spearheaded by Oman, a key mediator in regional conflicts
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Bulgaria looks for U.S state funds to extend Gas storage facility
Vladimir Malinov, chief executive of Bulgratransgaz, said Bulgaria is looking for financing possibilities for the scheduled extension of its only underground gas storage (UGS) facility, Chiren, with several financial organisations
Bulgaria is “best European country” for women to work, study reveals
The recent study has rated Bulgaria as the best European country for women to work and for the benefits they receive at their job, such as - maternity leave package, which has also been listed as 'best", bagging 100 out of 100 points.