The Bulgarian Electricity System Operator will invest nearly EUR 31 million in the construction of an electrical grid which will boost the electricity distribution capacity between Bulgaria and Romania. The measure is in line with the European Mechanism that promotes Policy Coherence for Development. The power line will distribute electricity from wind power plants in Northeast Bulgaria and Southeast Romania to Greece and Turkey. The Bulgarian Ministry of Energy contends that the construction of the power grid will improve the security of the power transmission system in Southeast Europe.
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 Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL International GmbH . Lukoil's subsidiary owns all of the group's assets abroad. Lukoil has..
MPs elected GERB's Kostadin Angelov as deputy speaker of parliament. 132 MPs voted "for", 53 voted "against" and 11 abstained. Angelov replaces GERB's Raya Nazaryan, who was elected speaker of parliament after previous parliamentary speaker Natalia..
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..
Partly Cloudy
Clear