Price formation under the agreement between the Bulgarian Bulgargaz and the Turkish state-owned oil and gas company Botas is not detrimental to the Bulgarian state or to the Bulgarian public provider, Energy Minister Rumen Radev said during a hearing in parliament, in answer to a question about the agreement between the two companies signed, on the Bulgarian side by the previous caretaker cabinet, on 3 January, 2023.
In his words, Bulgargaz has clear control of the origin of the natural gas via the certificates it receives directly from the gas trader, not from Botas, but the agreement is in effect until 2035, and the conditions for its termination are severe. There are quite a few binding commitments under the agreement between Bulgargaz and Botas, but there is also a certain amount of freedom which we are hoping will allow Bulgaria to negotiate better conditions during the current negotiations with the Turkish company, Minister Radev said.
The European Commission has decided to close the infringement procedure against Bulgaria for the non-implementation of its obligations to review and update the Second Flood Risk Management Plans and the Third River Basin Management Plans. A statement..
Physicist Acad. Ivan Todorov passed away at the age of 91, the press center of the Bulgarian Academy of Sciences announced. Acad. Todorov was a scientist with outstanding achievements and world recognition in the field of modern..
Sofia Airport operates normally in winter conditions, BTA has reported. The runways for take off and landing have been cleaned. The aircraft are being treated against icing. Passengers are advised to arrive at the terminals at..
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It..
Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The..
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