"Bulgartransgaz" has announced a public procurement for "Organizational planning, investment design, supply of necessary materials and equipment, construction and commissioning of new facilities for the expansion of the gas transmission infrastructure with the aim of increasing the capacities at the interconnection points Kulata - Sidirokastro and Negru Voda - Kardam".
The estimated value of the public procurement is EUR 295,665,000 excluding VAT. The expansion will enable Bulgartransgaz to achieve the Vertical Corridor's goals of diversification and improving security of supply by transferring additional quantities of natural gas from south to north. The initiative of the gas transmission operators of Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova was approved by the parliament on March 14, 2024.
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
200 million Leva (over EUR 102 million) of new debt is expected to be taken out on 13 May this year, according to the Bulgarian National Bank website. This is the date on which an auction has been announced for 6-month treasury bonds with an annual..
Fitch Ratings has affirmed Bulgaria's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB' with a positive outlook. Bulgaria intends to request a reassessment of its progress on convergence criteria in 2H24, which should allow for..
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