President Rumen Radev denied the speculations regarding the Three Seas initiative and pointed out that it is developing in a different time and geopolitical space.
“Three Seas is not an alliance, nor is it military, or targeted against Russia,” Rumen Radev said at a conference in Sofia dedicated to the initiative which Bulgaria is hosting. The Three Seas initiative does not aim to cut off the region of Central and Eastern Europe from the EU, the President stated.
Regarding the speculation that Three Seas aims to cut the Russian East-to-West gas pipeline towards Europe, the President stated it was ludicrous to say such a thing in a country which is taking part in the initiative, where one pipeline – TurkStream traversed Bulgaria at enviable speed, while “we, Bulgarians paid for it, getting into debt to transfer Russian gas from Turkey to Serbia free of charge”. Rumen Radev added that the European Commission and Germany were strategic partners to the Three Seas.
The base interest rate in the country is being reduced to 1.82% as of 1 August 2025, the Bulgarian National Bank (BNB) has announced. The reduction is by 0.09% compared to July, when it was 1.91%. The simple annual interest rate is being reduced..
The jury at the International Triennial of Stage Posters and the Ministry of Tourism awarded three equal prizes and 8 incentive prizes for tourist posters on the subject of “Bulgaria”. The jury, headed by Prof. Bozhidar Yonov, reviewed 144 posters..
President Rumen Radev expressed his appreciation of Great Britain’s support for Bulgaria in guarding the EU’s external borders. President Radev met with the British ambassador to Bulgaria Nathaniel Copsey, the Bulgarian news agency BTA reports...
Firefighting equipment should be purchased for the Air Force, where an organisation and crew are already in place , rather than for the Ministry of the..
On Thursday, minimum temperatures will range from 15 to 22°C , in Sofia – 16°C. Heavy rain clouds will develop from the southwest to the east-northeast..
One of the most prominent international journalists in Bulgaria, Konstantin Ivanov, passed away on July 28, 2018, at the age of 87 , announced the Union..
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