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

Cabinet allocates €460,000 in aid for fire-affected families

The Council of Ministers has decided to grant a total of €460,176 in aid to families affected by the forest fires. 'Until now, they could apply for €978. 'We are now providing an additional €1,533 per family, bringing the total to approximately..

published on 7/30/25 2:43 PM
Rosen Zhelyazkov

Government to brief MPs on readiness to procure firefighting equipment

The government will submit a report to the National Assembly tomorrow detailing the readiness of each relevant ministry to procure specialised firefighting equipment, Prime Minister Rosen Zhelyazkov announced. He recalled that the previous..

published on 7/30/25 2:28 PM

Parliament expands state powers to confiscate illegally acquired assets

Members of Parliament have approved the confiscation of assets obtained through criminal activity, even when such assets are held or possessed by third parties acting in bad faith. The amendment to the Penal Code was adopted at its second and final..

published on 7/30/25 1:08 PM