Price formation under the agreement between the Bulgarian Bulgargaz and the Turkish state-owned oil and gas company Botas is not detrimental to the Bulgarian state or to the Bulgarian public provider, Energy Minister Rumen Radev said during a hearing in parliament, in answer to a question about the agreement between the two companies signed, on the Bulgarian side by the previous caretaker cabinet, on 3 January, 2023.
In his words, Bulgargaz has clear control of the origin of the natural gas via the certificates it receives directly from the gas trader, not from Botas, but the agreement is in effect until 2035, and the conditions for its termination are severe. There are quite a few binding commitments under the agreement between Bulgargaz and Botas, but there is also a certain amount of freedom which we are hoping will allow Bulgaria to negotiate better conditions during the current negotiations with the Turkish company, Minister Radev said.
Vice President Iliana Iotova pointed out that the changed texts in the Constitution have turned against their creators. Yotova told journalists that "because of these changes in the Constitution, the Speaker of the National Assembly cannot be..
New car sales in Bulgaria in October increased three times more than the average for the European Union , where the purchase of new cars is only 1.1%. According to the Association of European Automobile Manufacturers, 75.9% of cars registered in..
77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a national survey by Podkrepa trade union. Half of those surveyed are in favour of a nation-wide..
“It’s time to lift internal border controls now,” European Commissioner for Home Affairs Ylva Johansson believes. In an interview with RFE/RL she..
The Constitutional Court has opened a case following the request by President Rumen Radev for the amendments to the Constitution, endorsed by the 49 th..
Romania and Bulgaria have a chance to join the Schengen area by land as of January 2025 , Hungarian Interior Minister Sándor Pinter said after an..
Partly Cloudy