Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the Minister of Foreign Affairs of Azerbaijan, Jeyhun Bayramov. Premier Glavchev reaffirmed Bulgaria's support for the initiative, in which Georgia, Hungary and Romania also participate alongside Azerbaijan. It is yet to be specified which state company will take part in it on the Bulgarian side.
During the talks, the Vertical Gas Corridor was also discussed, for the construction of which two major contracts were signed a week ago in Sofia. The project aims to replace Russian gas supplies and will cement Bulgaria's place on the gas map. It will serve as a main corridor for the South-North transmission of Azeri natural gas to Central European markets.
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy,..
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