“The accumulated problems in the sphere of energy create serious risks for the industry, for the economy and for people,” President Rumen Radev stated during a meeting with the chairman of the Energy and Water Regulatory Commission Ivan Ivanov.
Ivan Ivanov on his part pointed to the delay in the construction of the Gas Interconnector Greece – Bulgaria (IGB) which has been going on for 12 years.
“The fact that TurkStream does not branch out to any towns in Northern Bulgaria shows it is just a transit gas pipeline, built entirely at the cost of the Bulgarian side, with no clarity whether this money can be compensated for by the transit fees,” Ivan Ivanov stated further.
Ivan Ivanov and Rumen Radev agreed that the country needs a national energy strategy in view of the transition to low-carbon emissions and to protecting the people employed in the industry.
Prokopan is the only railway tunnel on the Plovdiv-Burgas line. This became clear during a visit by Deputy Minister of Transport Lyuben Nanov, who was on-site to see the progress in the modernization of the Orizovo-Mihaylovo railway section. The..
Unemployment benefits in Sofia continue to be above the minimum wage, according to the latest data from the National Social Security Institute. It is the highest in the country and is on average 1,145 leva (585.43 EUR). The lowest unemployment..
"Yes, Bulgaria" party (part of "Democratic Bulgaria") have defined the budget for next year as an "economic tsunami". MP Ivaylo Mirchev was firm that the pary will oppose it when the project comes up for discussion in parliament. "Yesterday we were..
The European Commission has presented a proposal for developing high-speed railway lines within the EU until 2040, linking the capitals in the EU, among..
Birth rate in Bulgaria has decreased by 33% over the past three decades. In 1994, 79,442 live births were registered in the country, while in 2024 the..
The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the..
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