Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's outgoing cabinet terminates the memorandum with Gemcorp

outgoing Minister of Energy Alexander Nikolov
Photo: BGNES

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. 



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

Vanya Stefanova еlected Deputy Prosecutor General

At the request of acting Prosecutor General Borislav Sarafov, the Prosecutors' College of the Supreme Judicial Council unanimously elected Vanya Stefanova as Deputy Prosecutor General. That is how Sarafov's deputies are now two...

published on 1/9/25 10:40 AM

New parking zone in front of Terminal 2 at Sofia Airport

A new traffic management system in front of Terminal 2 comes into force on January 9, the operator of Sofia Airport has announced. The Kiss & Ride concept is being introduced.  The zone is specifically designed for short free..

published on 1/9/25 9:49 AM

Danube Bridge repairs hinder border traffic in Ruse

Traffic at the border crossings of Bulgaria is normal, the Border Police has reported. However, about 200 trucks are waiting to cross the Danube Bridge and have parked on the boulevards in Ruse.  The trucks are waiting because of..

published on 1/9/25 9:41 AM