“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.
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...
Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was raised through issues of 9-year and 13-year bonds – marking the country’s first entry into the..
Natural gas prices are expected to fall by about 14% from current levels, Bulgargaz CEO Veselin Sinabov told a public meeting of the Energy and Water Regulatory Commission (EWRC). This means that one megawatt hour will cost 31.91 euro, compared to 36.88..
+359 2 9336 661