The termination of the long-term contracts with the thermal power stations “Maritsa Iztok-1” and "Maritsa-Iztok-3” (owned by the US companies АES and ContourGlobal respectively) is to take place by 30 June, 2021, as set down in the market reform schedule of the electric energy industry which the Ministry of Energy has sent the European Commission, BTA reports.
The contracts for the purchase of electric energy from the two power plants were signed by the National Electricity Company in 2001 by the government of Ivan Kostov. Terminating the existing long-term contracts is dictated by the EU rules regarding state aid and the planned wholesale market changes for the deregulation of the market.
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The 3% price increase is expected to be approved by the Energy Regulatory Commission. The October price..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The facility features state-of-the-art technology with a maximum regasification capacity of 5.5 billion..
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said..
Bulgaria and India will intensify their cooperation in various sectors of mutual interest. This was discussed at a meeting of the Bulgarian Minister..
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech..
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