Representatives of the Turkish energy company BOTAŞ are coming to Bulgaria for negotiations with Bulgargaz regarding Bulgaria's request to review the agreement between the two companies. This was one of the topics discussed by Bulgaria’s Minister of Energy Vladimir Malinov and his Turkish counterpart Alparlslan Bayraktar at a meeting in Istanbul a week ago.
On April 19, 2024, Bulgaria’s National Assembly tasked the Minister of Energy with taking the necessary steps to renegotiate the agreement between Bulgargaz and BOTAŞ for reserving access to Turkish LNG terminals. The agreement obliges Bulgaria to pay over 4 billion Leva (more than EUR 2 billion), even if no gas is imported from Turkiye. In its current form, the contract could lead to the bankruptcy of Bulgargaz. However, according to BOTAŞ, the proposed changes to the contract would "disrupt the basic dynamics of the agreement and would make its implementation impossible''. The agreement was signed in early 2023 by the caretaker cabinet headed by Prime Minister Galab Donev.
The one-millionth passenger for this year was solemnly welcomed at Varna Airport. Gerhard Peschke arrived by flight from Frankfurt with his wife, two children and two grandchildren. The family will stay in Obzor, he said. Their..
Lukoil's subsidiaries in Bulgaria are under unprecedented pressure and the company is considering selling assets in the country, Russian Ambassador to Sofia Eleonora Mitrofanova said in an interview with state-run RIA Novosti...
Bulgaria, as an external border country of the EU, has begun to play a key role in accepting refugees from Ukraine, a UN report reads, BTA reports. So far, the country has accepted over 2.3 million refugees from Ukraine, but most..
Job offers in all sectors of the Bulgarian economy are decreasing in July, according to the analysis of a leading online job posting platform in the..
More than 4 , 500 of woodland in Pirin has been destroyed by the wildfires after July 25. There are still local outbreaks on the ground, said..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of..
sunshine, cloud, rain and thunder
Clear
Partly Cloudy
Partly cloudy, chance of rain
Mostly Cloudy