Representatives of the Turkish energy company BOTAŞ are coming to Bulgaria for negotiations with Bulgargaz regarding Bulgaria's request to review the agreement between the two companies. This was one of the topics discussed by Bulgaria’s Minister of Energy Vladimir Malinov and his Turkish counterpart Alparlslan Bayraktar at a meeting in Istanbul a week ago.
On April 19, 2024, Bulgaria’s National Assembly tasked the Minister of Energy with taking the necessary steps to renegotiate the agreement between Bulgargaz and BOTAŞ for reserving access to Turkish LNG terminals. The agreement obliges Bulgaria to pay over 4 billion Leva (more than EUR 2 billion), even if no gas is imported from Turkiye. In its current form, the contract could lead to the bankruptcy of Bulgargaz. However, according to BOTAŞ, the proposed changes to the contract would "disrupt the basic dynamics of the agreement and would make its implementation impossible''. The agreement was signed in early 2023 by the caretaker cabinet headed by Prime Minister Galab Donev.
Banking services in Bulgaria are among the most accessible in the EU, according to an analysis by the Association of Banks in Bulgaria . According to it, banks in Bulgaria offer the lowest interest rates in Europe on newly granted loans to households for..
Around 50,000 medical tourists from abroad visit Bulgaria each year. Most of them come for dental care, which is of a high standard and 60–70% cheaper than in other European countries. Arkadi Sharkov of the Bulgarian Hospital Association announced..
Bulgaria will not be forced to shut down its coal-fired power stations or coal-powered district heating systems during the winter. Energy Minister Zhecho Stankov made this statement ahead of the opening of the RE-Source Southeast 2025 forum, held at..
Public transport in Sofia will resume as of Tuesday, May 20, Todor Kapitanov, Vice President of the Confederation of Independent Trade Unions in Bulgaria..
Bulgaria’s President Rumen Radev met in Tokyo with Japan’s Prime Minister Shigeru Ishiba as part of his visit to Japan. Rumen Radev and Shigeru Ishiba..
The normal movement of buses, trolleybuses and trams in Sofia is being restored as of today, after last night the unions announced an end to the 6-day..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain