''The price of electricity from Units 7 and 8 of the Kozloduy Nuclear Power Plant should not exceed EUR 65 per megawatt-hour, which is the average mix for electricity prices in the EU. The financial framework for the construction of Units 7 and 8 at Kozloduy NPP should not exceed 14 billion", Bulgaria’s Minister of Energy Rumen Radev said.
Minister Radev and US Assistant Secretary of Energy for International Affairs Andrew Light signed an intergovernmental agreement for cooperation on the project to build a nuclear capacity at Kozloduy NPP and for the exchange of technologies and training of specialists.The exact cost of the new units will be known by the end of March from the report prepared by the American company Westinghouse, whose reactors will be used for the future capacities. Minister Radev added that he expects the total cost of the two units to be below EUR 14 billion. The decision of the Bulgarian government is for the contract to include ''fixed deadlines and a fixed price''.
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
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