The EU Energy Council has agreed that gas storage sites in the Community must be filled to at least 80% of their capacity by Nov. 1, 2022, and to 90% by Nov. 1 in subsequent years.
In the case of Bulgaria, which only has the Chiren gas storage facility, this means that it must be filled to 4.64 terawatt hours (TWh) for the coming winter and to 5.22 TWh for the winter of 2023.
During the meeting of the Council in Luxembourg, an agreement was signed between Bulgartransgaz EAD and the EU, under which the European Commission finances the expansion of the Chiren depot within the framework of the Connecting Europe Facility (CEF) with EUR 78 million, i.e. 80% of the price. The expansion will increase the storage volume at Chiren to one billion cubic metersand the daily production and injection capacities to 8-10 mcm.
The budget for 2025 is feasible and will likely be the last one in Bulgarian leva, Minister of Finance Temenuzhka Petkova said in an interview with bTV. The draft law on the state budget for 2025 has been prepared without increasing existing..
A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador office in Italy, accredited for Bulgaria. The event will take place on March 13, 2025 at the..
The USA is among Bulgaria's leading foreign trade partners, the US market is among the main export destinations for Bulgarian high-tech products . This was announced by the Minister of Economy and Industry, Petar Dilov, at the opening of the Explore..
The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single..
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