Gazprom is selling its 50-percent stake in gas company Overgas Inc., registered in Bulgaria. For many years Overgas Inc. used to be an intermediary in deliveries of certain quantities of natural gas to Bulgaria. With revenues Overgas created gas supply networks in a number of villages and towns in the country. In the last working day of 2015, Gazprom Export informed the management of Overgas Inc., that gas supplies to the company would stop on January 1, 2016, which directly affected 59,000 households in the country. Due to urgent decisions by the cabinet, the crisis was quickly resolved with supplies from Bulgarian state company Bulgargaz. Later Overgas Inc. filed a claim at the arbitration court in Paris, arguing that halting gas supplies was in violation of a contract.
Bulgaria has a higher share of women in science, technology, engineering and mathematics (STEM) fields than the European Union average, according to a roundtable discussion on “Women in Innovation” held in Sofia. The forum highlighted that 49% of..
The National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical Operations (SATO) Act, according to BNR reporter Maria Fileva. The changes strip the president of the..
Bulgaria wants to continue investing in nuclear energy after more than 50 years of experience in the sector, Energy Minister Zhecho Stankov said on Wednesday. About 70% of Bulgarians support the move, Stankov told a Bulgarian-Korean energy..
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
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