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Terminating the Botas contract would cost over €2 billion, says Energy Minister says Stankov

By the end of the year, Bulgargaz will have to pay an additional €10 million under the contract with Botas due to indexation. This information was reported by BGNES and confirmed by Energy Minister Zhecho Stankov. During the caretaker government of..

15.05.25 14:02 |

US plays key role in the energy security of Europe and Bulgaria

Energy cooperation between Bulgaria and the US contributes to increasing energy security and diversification not only in our country, but also in Europe. This was what Minister of Foreign Affairs Georg Georgiev said during the..

07.05.25 08:53 |

Bulgaria is a key player in the region's energy transition, says energy minister

Energy Minister Zhecho Stankov attended the tenth edition of the Delphi Economic Forum in Greece. "Bulgaria is a reliable partner in the region's energy transformation and security," he said during his speech at the panel "Addressing Energy Regional..

10.04.25 17:42 |

Bulgaria's second-largest thermal power plant postpones layoffs

The second-largest thermal power plant in Bulgaria, ContourGlobal Maritsa East 3, will retain its employees at this stage. This was what the executive director of the power plant, Vasil Shtonov, told BNR Stara Zagora. Today, the..

01.04.25 15:56 |
Laura Lochman and Zhecho Stankov, 11 February, 2025

Bulgaria and US set to deepen cooperation in energy

Bulgaria’s Minister of Energy Zhecho Stankov met, in Washington, with Laura Lochman, US Acting Assistant Secretary of the Bureau of Energy Resources. The two discussed the construction of a vertical gas corridor for diverse and sustainable gas..

11.02.25 11:18 |

Sofia to urge for European funding for energy interconnections 

EU energy ministers are meeting in Luxembourg to discuss the energy sector's contribution to the EU's competitiveness, wholesale electricity prices and winter preparedness.  At the request of Greece, supported by Bulgaria, Romania and Croatia,..

15.10.24 07:50 |
Marcel Ciolacu and Nicolae Ciucă

Balkan developments

Parties from broad coalition in Romania face off on eve of elections Two months before the elections for president and for parliament in Romania, the ruling social democrats and liberals entered into a heated debate over the ruling by the..

11.10.24 13:43 |

Commissioner Paolo Gentiloni: Bulgaria can no longer postpone decision on amendments to Recovery and Resilience Plan

Bulgarian Deputy Prime Minister and Minister of Finance Lyudmila Petkova and European Commissioner for Economy, Paolo Gentiloni,  discussed the progress of Bulgaria in the implementation of the Recovery and Resilience Plan . At the meeting before..

07.10.24 17:38 |
Energy Minbister Vladimir Malinov

Cabinet approves three strategic energy projects

At today’s sitting, the Council of Ministers approved the signing of three important strategic documents of cooperation in the sphere of energy, the Bulgarian news agency BTA reports, quoting caretaker Minister of Energy Vladimir Malinov. The..

30.08.24 13:13 |

European Prosecutor's Office investigates Bulgartransgaz

The European Public Prosecutor's Office is investigating the offices of Bulgartransgaz in Sofia. Police have secured access to the headquarters of the gas operator. There is no official information from Bulgartransgaz and Brussels about the inspection,..

13.08.24 13:58 |
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