In the last month of the incomplete term in office of the government of Plamen Oresharski the topic of diversification of energy supplies was updated once again in Zagreb with a meeting of the joint council of Bulgaria and Croatia for economic cooperation. At the meeting the possibilities of Croatia to supply gas to Bulgaria from the northern Adriatic Sea starting 2017 were discussed. Possibilities for connecting the gas systems of Croatia and Bulgaria through Serbia, Hungary or Romania were also discussed. Due to the great interest of the Bulgarian side towards the Croatian project for liquefied natural gas, it was agreed that this project will be presented in the coming weeks in Sofia. This would hardly happen before the resignation of the Oresharski Cabinet but the agreements reached in Zagreb between the two member states of the EU will remain in force because they are part of the European policy of diversification of sources and routes of gas supplies. However, after the Oresharski cabinet Bulgaria will have a caretaker government appointed by President Rosen Plevneliev. The Bulgarian President has had talks with Croatian counterpart Ivo Josipovic and showed interest in the topics discussed in Zagreb last year. The heritage to the future cabinet from the current government includes energy agreements with another member state - Cyprus. Just a month ago, in mid-June, Foreign Minister Christian Vigenin discussed with his Cypriot counterpart Ioannis Kasoulides the likely important role of Cyprus in the project for deliveries of gas to LNG terminals in Greece. It's all about the future north-south corridor, which would allow natural gas to be delivered via Bulgaria to Romania and Central Europe.
Today's government would be history soon, but Bulgaria's policy aimed at diversification of energy supplies remains. Moreover, there is no significant political force that opposes this policy.
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the..
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to..
+359 2 9336 661