Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the Minister of Foreign Affairs of Azerbaijan, Jeyhun Bayramov. Premier Glavchev reaffirmed Bulgaria's support for the initiative, in which Georgia, Hungary and Romania also participate alongside Azerbaijan. It is yet to be specified which state company will take part in it on the Bulgarian side.
During the talks, the Vertical Gas Corridor was also discussed, for the construction of which two major contracts were signed a week ago in Sofia. The project aims to replace Russian gas supplies and will cement Bulgaria's place on the gas map. It will serve as a main corridor for the South-North transmission of Azeri natural gas to Central European markets.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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