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 government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend..
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