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

GERB: Petkov's cabinet has given Bulgaria's entire energy sector to offshore company

Photo: BGNES

The entire Bulgarian energy sector was given on a concession to an offshore company by the previous government of Kiril Petkov. The $1 billion MoU with Gemcorp has not been terminated. We are reporting to the National Security Agency, the Ministry of the Interior and the European Commission, deputies from GERB announced at a press conference.

"Kiril Petkov hoped to return to power and hid the report of the National Security Agency for 3 months. At a secret government meeting, it was decided to terminate the contract, but it was not terminated, the deputies claim. 
GERB will demand the establishment of a temporary parliamentary committee on the case.

According to the Financial Times, the offshore company Gemcorp is backed by the Kremlin and involved with a sanctioned Russian arms manufacturer.



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

Deputy Minister of Foreign Affairs Maria Angelieva appointed Ambassador to Hungary

Bulgaria’s President Rumen Radev has issued a decree appointing Deputy Minister of Foreign Affairs Maria Angelieva as Bulgaria’s Ambassador to Hungary. The decree was promulgated in State Gazette on Tuesday, reported BTA.  Maria Angelieva graduated..

published on 11/11/25 10:38 AM

Bulgaria's new warship “Hrabri” has started sea trials

The new modular multi-purpose vessel of the Bulgarian Navy, ''Hrabri'' (Brave), was launched into Varna Lake from the pier of the MTG – Dolphin shipyard. Construction of the modular multi-purpose vessel began in 2022. It is the first of two..

published on 11/11/25 9:51 AM

Bulgaria calls on Russia to stop disturbing satellite and RNSS signals

''Russia continues to disturb satellite and Radio Navigation Satellite System (RNSS) signals, affecting European countries’ critical infrastructure and services'', Bulgaria’s Ministry of Foreign Affairs wrote on X. Von der Leyen’s plane..

published on 11/11/25 9:03 AM