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

President Rumen Radev

Bulgarian President submits to parliament the proposal for a referendum on the euro

Bulgarian President Rumen Radev submitted to the 51st National Assembly a proposal to hold a national referendum with the question "Do you agree that Bulgaria should introduce the single European currency "euro" in 2026?" The proposal is based on the..

published on 5/12/25 4:25 PM

For 80 years, civil marriage has been the only valid form of matrimony in Bulgaria

80 years ago, on May 12, 1945, an Ordinance-Law on Marriage was promulgated in Bulgaria's State Gazette, which entered into force on May 27, 1945 . With its adoption, mandatory civil marriage was introduced as the only valid form of marriage. On the day..

published on 5/12/25 3:20 PM

Bulgarian Border police receives 34 drones for fast scanning of vast territories

The Bulgarian Border Police received and presented today 34 unmanned aerial systems capable of quickly scanning large areas. They are equipped with an electronic-optical surveillance system, including a colour and thermal imaging camera, which allows..

published on 5/12/25 2:20 PM