Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Higher electricity prices if Gazprom halts deliveries to Europe: Energy Minister Alexander Nikolov

Photo: archive

According to Bulgaria’s Energy Minister Alexander Nikolov, a possible stoppage of deliveries by Gazprom to Europe would indirectly impact the price of gas in this country.

“This would mean a drastic rise in electricity prices in Europe, and Bulgaria as a country playing a balancing role for the entire region would take an indirect hit by such a price trend,” Minister Nikolov commented. In his words, because of the war in Ukraine the closure of the coal-fired power plants could be reconsidered. Alexander Nikolov said further that additional energy compensations are expected to be envisaged for businesses helping refugees from Ukraine. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria is among the first in the EU in new car registrations

New car sales in Bulgaria in October increased three times more than the average for the European Union , where the purchase of new cars is only 1.1%.  According to the Association of European Automobile Manufacturers, 75.9% of cars registered in..

published on 11/21/24 3:45 PM

Teachers in Bulgaria ready to go on strike, demand pay rise

77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a national survey by Podkrepa trade union. Half of those surveyed are in favour of a nation-wide..

published on 11/21/24 1:30 PM

Damage control teams in Shumen clear up fallen trees due to strong wind

The damage control and fire-fighting teams in Shumen have responded to 10 reports of damage due to the strong wind, the Regional Directorate of the Interior Ministry has announced. More often than not the reports were of fallen trees and branches in..

published on 11/21/24 11:48 AM