“Even though the European Commission has been insistent that gas transmission be liberalized via denationalization, Bulgaria is categorical it will not privatize Bulgartransgaz,” said Deputy Prime Minister Tomislav Donchev. “Bulgaria’s answer is “No”, the Bulgarian representatives taking part in the working group this week have received very clear instructions,” Tomislav Donchev said and added that privatization of the gas infrastructure is unthinkable.
Bulgaria risks sanctions amounting to 300 million euro over violations of antitrust regulations on the gas market. The EC’s objections go back to March 2015. Brussels says that Bulgartransgaz is obstructing rivals from gaining access to key gas infrastructures in Bulgaria. Some weeks ago Prime Minister Boyko Borissov stated that Bulgaria would offer Brussels an option that would mean the state retaining its ownership, but separating it from the operator. Donchev commented that privatization in the country had more or less been completed but that the state was yet to let go of its residual interest in different companies. “I see no reason for the country to get involved in sectors such as hotel keeping or real estate,” he said by way of example.
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
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