Bulgaria is joining the project for the construction of a submarine electric cable in the Black Sea, caretaker Minister of Energy Rosen Hristov said after a meeting of the steering committee for the construction of the green energy corridor from Azerbaijan to Hungary. According to the project, a submarine electricity cable is to transport green electricity from Azerbaijan to Hungary via Georgia, the bottom of the Black Sea and Romania. The participating countries greenlighted Bulgaria to join the project.
Minister Hristov also pointed out that the possibility of Gazprom to demand and win an arbitration case against Bulgaria is minimized. “We are waiting to receive the lawyers' report to assess whether the Bulgarian company can file a lawsuit against Gazprom Export”, said Rosen Hristov
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
The final price at which Bulgargaz will sell natural gas in December to end suppliers and to persons with a license for the production and transmission..
Urgent reform of Bulgaria's planning districts is needed, local authorities insist.The current regionalization shows increasing economic imbalances in..
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