Gas transmission to Serbia, Hungary and Romania resumed at midnight, Bulgartransgaz announced. This happened after the end of the repair works on the damaged gas pipeline near the village of Vetrino. Gas transmission was temporarily suspended on November 1.
The Embassy of the Russian Federation in Sofia has confirmed that Gazprom has increased gas supplies at favorable prices to Bulgaria at the request of Bulgaria’s cabinet. In November, the cost of gas for Bulgaria dropped to EUR 46.55 per MWh, which is about half the average gas price in Europe, the embassy’s announcement reads.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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