The EU Energy Council has agreed that gas storage sites in the Community must be filled to at least 80% of their capacity by Nov. 1, 2022, and to 90% by Nov. 1 in subsequent years.
In the case of Bulgaria, which only has the Chiren gas storage facility, this means that it must be filled to 4.64 terawatt hours (TWh) for the coming winter and to 5.22 TWh for the winter of 2023.
During the meeting of the Council in Luxembourg, an agreement was signed between Bulgartransgaz EAD and the EU, under which the European Commission finances the expansion of the Chiren depot within the framework of the Connecting Europe Facility (CEF) with EUR 78 million, i.e. 80% of the price. The expansion will increase the storage volume at Chiren to one billion cubic metersand the daily production and injection capacities to 8-10 mcm.
In its “Questions and Answers” section on the introduction of the euro, the Bulgarian National Bank has published a clarification on how the single currency should be denoted and written in accordance with EU regulations. The name of the..
The government approved the draft Law on the 2026 State Budget, as well as the Updated Medium-Term Budget Forecast for the 2026–2028 period. In connection with the introduction of the euro on January 1, 2026, all figures have been prepared in..
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are ready for all processes related to the currency conversion and distribution of euro banknotes. This..
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