Bulgaria‘s President Rumen Radev and his Serbian counterpart Aleksandar Vucic are taking part at the inaugural ceremony for the construction of the Bulgaria-Serbia Gas Interconnection (IBS) on Bulgarian territory. The interconnector linking the towns of Novi Iskar in Bulgaria and Nis in Serbia will have a total lenght of 170 kilometers, of which 62 km will be on Bulgarian territory. Its capacity will be up to 1.8 billion cubic meters of gas per year and will allow a reverse flow.
The construction of the Serbian section started one year ago and is expected to be completed in the autumn of 2023. The Bulgarian section is also expected to be completed by the end of this year. The gas interconnector is a project of common interest for the European Union and is under the Connecting Europe Facility.
"Bulgaria has proven to be a reliable transit country and even in the most difficult situation, when our country was left without Russian gas, it continued to export natural gas to Serbia smoothly," President Rumen Radev said after the meeting with his Serbian counterpart Vucic.
The euro area unemployment rate stabilised for the second consecutive month in May at 6.4%, the lowest level since 1998. In Bulgaria the unemployment rate fell from 4.5% in April to 4.4% in May. Youth unemployment (under 25s) in the country is 14%...
The question is not whether Ukraine will join NATO, but when. The answer depends on the theatre of war and the ability to achieve a lasting peace, Bulgarian President Rumen Radev said at the opening of The Economist's 28th Governmental Roundtable, held..
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European Parliament. All activities were transparent and within the deadlines set, the caretaker cabinet with..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
+359 2 9336 661