One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister Zhecho Stankov said in an interview with Bulgarian National Television. Minister Stankov explained that this will allow larger quantities of natural gas to be pumped at a lower cost during the spring and summer seasons.
A permit of use has already been issued for the compressors. The expansion will increase Chiren's current capacity of 550 million cubic metres by 20%. The Minister pointed out that this would guarantee the country's energy security.
Regarding the investigation by the European Public Prosecutor's Office (EPPO) into the expansion of the gas storage facility, all the information requested had been provided to dispel any doubts, Zhecho Stankov added.
He added that Bulgaria would be the first country to start actual construction of the Vertical Gas Corridor - an infrastructure project linking Greece, Bulgaria and Romania. The first phase covers a 48-kilometre stretch from the Greek border at Kulata to Kresna in south-western Bulgaria, allowing capacity to be increased from 2.3 to 3.6 billion cubic metres.
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8% from 2.1% a month earlier , reaching the highest level in 12 months (since January 2024, when it..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a meeting with aviation industry representatives. Minister Karadjov emphasized that he supports the idea..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious..
+359 2 9336 661