Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

BICA Chairman Vasil Velev: Gazprom's suspension of gas supplies to Bulgaria is a "legend"

Chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev
Photo: BGNES

The chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev defined as a "legend" the claim that Gazprom has stopped gas supplies to our country. "The contract has not been terminated - there is a 'take and pay' clause in it, i.e. in December we may find ourselves having to pay hundreds of millions without having consumed this gas," he told BNR. 

According to the businessman, Bulgaria continues to use Russian gas, but through intermediaries, "instead of directly and at a better price". 

Vassil Velev criticised the budget update and the reform plan, which, in his words, is being reframed into anti-crisis measures. He thinks that the main measure for business should be the compensation of high electricity prices due to the spiking inflation.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The Ministry of Labor and Social Policy provides temporary employment for 2,800 unemployed

In the coming months of 2024, around 2,800 unemployed people will start working under the regional employment programs, the press center of the Ministry of Labor and Social Policy reported. The programmes are funded by the Ministry of Labour and..

published on 7/4/24 12:46 PM
Dimitar Glavchev

Bulgaria sending troops to Ukraine is out of the question, PM Glavchev assures

Bulgaria sending troops to Ukraine is out of the question , caretaker Prime Minister Dimitar Glavchev said at the beginning of his hearing in parliament. Glavchev was briefing MPs on Bulgaria's position at the upcoming NATO summit in Washington. In his..

published on 7/4/24 11:29 AM
Бойко Борисов

GERB will no longer take part in negotiations, party leader says

GERB leader Boyko Borissov said that his party would no longer take part in negotiations and that the next step would be elections.   Speaking on the sidelines of Parliament, Borissov pointed out that after the rejection of GERB's government..

published on 7/4/24 11:06 AM