The Council of Ministers opens a tender procedure for the search and exploration of oil and natural gas in the area "Block 1-26 Khan Tervel", located in the exclusive economic zone of Bulgaria in the Black Sea.
The area is over 4,000 square kilometers in size and permission will be granted for 5-year long exploration, with the right to three extensions of two years each. Potential bidders are required to have generated at least €150 million in net sales revenue in total over the past three financial years.
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President Rumen Radev at the solemn celebration of the Metallurgist's Day in Sofia, which was held under the..
On Wednesday morning, visibility will be reduced in some places in the valleys, plains and along the Black Sea coast. Minimum temperatures will range between minus 3 and 2°C, around minus 2°C in Sofia. During the day it will be sunny with highs between..
For the first time in recent election history, the end election result leaves a party running in the election outside the National Assembly with a result of 3.999% (Velichie), 21 votes short of the electoral threshold, reads a position by the..
Acting Energy Minister Vladimir Malinov told a briefing that neither he nor the Energy Ministry had any information about the sale of Lukoil Neftohim..
Metallurgy, heavy and mining industry are an irrevocable part of the full-fledged economic development of Europe. This was stated by Bulgarian President..
The Bulgarian Ministry of Defense has signed a contract with Polish state company Wojskowe Zakłady Lotnicze Nr 2 S.A. for major repair of six MiG-29..
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