Gazprom is selling its 50-percent stake in gas company Overgas Inc., registered in Bulgaria. For many years Overgas Inc. used to be an intermediary in deliveries of certain quantities of natural gas to Bulgaria. With revenues Overgas created gas supply networks in a number of villages and towns in the country. In the last working day of 2015, Gazprom Export informed the management of Overgas Inc., that gas supplies to the company would stop on January 1, 2016, which directly affected 59,000 households in the country. Due to urgent decisions by the cabinet, the crisis was quickly resolved with supplies from Bulgarian state company Bulgargaz. Later Overgas Inc. filed a claim at the arbitration court in Paris, arguing that halting gas supplies was in violation of a contract.
Sofia’s South Park II hosts the fifth edition of the Asian Festival dubbed “United in Diversity”. The event attracts a large Bulgarian and international audience and becomes a true celebration of Asian cultures. The festival is organized by the..
''Bulgaria needs young people who have gone abroad, received a good education and become accustomed to the discipline of modern life in Europe and around the world to return and bring their skills back home. This will transform the business..
A coordination center was established yesterday at the Ministry of Foreign Affairs in connection with the situation in the Middle East. The Bulgarian government is receiving real-time information on everything that is happening and is in contact with..
Just a week after receiving the positive convergence reports on Bulgaria’s entry into the Eurozone, all major financial funds have stated their..
The 18 th edition of Sofia Pride is taking place in Sofia today under the motto: We are people, not propaganda, a reminder that behind every story,..
Galin Tomov created an impressive portrait of President Donald Trump especially for his birthday (June 14) on a carpet, using a traditional Bulgarian..
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