“Even though the European Commission has been insistent that gas transmission be liberalized via denationalization, Bulgaria is categorical it will not privatize Bulgartransgaz,” said Deputy Prime Minister Tomislav Donchev. “Bulgaria’s answer is “No”, the Bulgarian representatives taking part in the working group this week have received very clear instructions,” Tomislav Donchev said and added that privatization of the gas infrastructure is unthinkable.
Bulgaria risks sanctions amounting to 300 million euro over violations of antitrust regulations on the gas market. The EC’s objections go back to March 2015. Brussels says that Bulgartransgaz is obstructing rivals from gaining access to key gas infrastructures in Bulgaria. Some weeks ago Prime Minister Boyko Borissov stated that Bulgaria would offer Brussels an option that would mean the state retaining its ownership, but separating it from the operator. Donchev commented that privatization in the country had more or less been completed but that the state was yet to let go of its residual interest in different companies. “I see no reason for the country to get involved in sectors such as hotel keeping or real estate,” he said by way of example.
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
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