Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

BICA Chairman Vasil Velev: Gazprom's suspension of gas supplies to Bulgaria is a "legend"

Chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev
Photo: BGNES

The chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev defined as a "legend" the claim that Gazprom has stopped gas supplies to our country. "The contract has not been terminated - there is a 'take and pay' clause in it, i.e. in December we may find ourselves having to pay hundreds of millions without having consumed this gas," he told BNR. 

According to the businessman, Bulgaria continues to use Russian gas, but through intermediaries, "instead of directly and at a better price". 

Vassil Velev criticised the budget update and the reform plan, which, in his words, is being reframed into anti-crisis measures. He thinks that the main measure for business should be the compensation of high electricity prices due to the spiking inflation.



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

Petrova Niva marks 122 years since the Ilinden-Preobrazhenie Uprising

The 122nd anniversary of the Ilinden-Preobrazhenie Uprising will be marked today in the historical area of Petrova Niva in Strandzha. The celebration is being held under the auspices of President Rumen Radev, who will also participate in the event, the..

published on 8/16/25 6:45 AM

The end of the week will be warm but windy, especially at sea

  On Saturday minimum temperatures will range from 14°C to 22°C , around 17°C in Sofia. The day will be largely sunny, with some cumulus cloud building over the western half of the country during the afternoon. Moderate winds from the east-north-east will..

published on 8/15/25 7:05 PM
Petar Dilov

Ministry of Economy: Prices in levs and euros must be the same size

Prices must be displayed in the same font size for both currencies, with designations that are clear to the consumer. There is no requirement which currency is written first. This was stated by the Minister of Economy and Industry Petar Dilov after a..

published on 8/15/25 5:36 PM