Bulgaria’s outgoing Minister of Energy Alexander Nikolov has notified Gemcorp Holdings Ltd and IP3 of the termination, by mutual consent, of the non-binding memorandum of understanding that was signed between Bulgaria and the two companies on March 23, 2022. This was announced by Energy Minister Nikolov at today's meeting of the outgoing cabinet. The document provided for cooperation on projects for alternative and strategic gas supplies, development of nuclear energy and production of clean energy.
The memorandum was signed after the visit of a high-level Bulgarian delegation in the United States in March. However, according to western media, one of the companies is connected to Russian oligarchs. The government terminated the memorandum on 20 July. This would not entail payments for Bulgaria, outgoing Premier Kiril Petkov said in a TV interview.
“We Continue the Change” (PP) highlighted corruption as one of the main shortcomings of the hundred days of government of GERB, “BSP – United Left” and ITN. PP has not cancelled plans of filing a vote of no confidence after Bulgaria..
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark..
On January 1, 2026, Bulgaria will take over the presidency of the Danube Strategy for the second time (after 2018) . This is happening at a..
A children's hospital for active treatment will open in Burgas by the end of the year, it became clear during the inspection of its..
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