Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria's Energy Minister predicts lower gas prices in October

Photo: Reuters

The price of gas is expected to be lower in October, Bulgaria's caretaker Energy Minister Rosen Hristov announced in Brussels, where he participated in a meeting of EU energy ministers. 

At the same time, Bulgargaz has submitted a proposal to reduce the price of fuel by nearly 30% from the current price. As the main reason for the price reduction, the minister pointed to the fact that the gas interconnector with Greece should be operational from October 1.

"Bulgaria is in the last stage of negotiations with several gas sources, other than Gazprom, with which prices are negotiated below those of the September supplies agreed by the previous government," said Rosen Hristov. According to him, the process of seeking a contact with Gazprom has not stopped. 

"We continue to issue requests and be a viable party to the contract. One effect is to eventually resume supplies, and the other is to have a good position in case of possible arbitration," he said.

At the meeting of the energy ministers, the topic of why the caretaker government is trying to resume negotiations with Gazprom was not discussed, the minister said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Ivelin Mihaylov

Velichie founder Ivelin Mihaylov says he was threatened by party’s parliamentary group chair Nikolay Markov

“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..

published on 7/2/24 10:08 AM

IMF urges Bulgaria to raise social security contributions and pensions

In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..

published on 7/2/24 9:21 AM
Dimitrina Goranova

Tourist industry wants lower VAT to remain in place

Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..

published on 7/2/24 8:48 AM