All principal construction work on the gas interconnector between Bulgaria and Greece via Komotini has been completed. Since mid-June the pipeline equipment has been filled and tested successfully with compressed natural gas. The gas pipeline, the seven valve stations, the two gas metering stations and the dispatch centre are technically viable, construction supervision has ascertained.
The Bulgarian-Greek company ICGB, which is the investor and future operator of the interconnector issued a statement denying allegations that the pipeline is unfinished. ICGB has submitted, to the Ministry of Regional Development and Public Works, a two-stage plan for the completion of the accompanying works.
The interconnector can be made operational in test mode at the end of August, ICGB says.
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the..
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