Bulgaria set obligatory terms in the offer for selection of strategic investor for construction of a second nuclear power plant in Belene, which was published in the Official Journal of the European Union. Firstly, the National Energy Company, which enters the future joint venture with an in-kind contribution consisting of its assets (the construction ground and the nuclear reactors) will have a blocking quota during the construction and the exploitation of the nuclear power plant. Secondly, no contract for purchase of electricity with state guarantee or other non-market mechanisms to guarantee the investments will be signed. According to another condition, the construction deadline of the project is 10 years and the price of the investment cannot exceed EUR 10 billion. Local companies must be also able to participate at the fulfillment of the project, one of the terms read.
Bulgarian President Rumen Radev had a telephone conversation with Polish President Andrzej Duda ahead of the upcoming Three Seas Initiative Summit in Warsaw. Radev highlighted the importance and potential of bilateral industrial cooperation, including..
For the second year in a row, the Bulgarian Industrial Association (BIA) will today present its "Effectiveness of Economic Policy" index. The index identifies specific weaknesses in Bulgaria's economic policies that, if addressed, could improve the..
On Thursday lows will be between 7 and 12°C, 9°C in Sofia. Before noon it will be sunny. Around and after midday, cumulus clouds will develop and there will be brief showers in the western parts of the country. Maximum temperatures will be between 22..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
Bulgaria’s Ambassador to the United States Georgi Panayotov has requested an early end to his term, the Ministry of Foreign Affairs announced. The..
The Israel Defense Forces (IDF) have admitted to mistakenly firing on a UN facility in central Gaza in March, killing an UN staffer, reported BTA...
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