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PM Kiril Petkov addressing the forum

In times of conflict economic interdependence becomes vulnerability

The war waged by Russia in Ukraine and its consequences for Bulgaria and Europe were at the focus of attention at the annual business meeting with the government. The 12 th edition of the forum, organized by Capital newspaper, took place in..

16.03.22 14:14 |

Higher electricity prices if Gazprom halts deliveries to Europe: Energy Minister Alexander Nikolov

According to Bulgaria’s Energy Minister Alexander Nikolov, a possible stoppage of deliveries by Gazprom to Europe would indirectly impact the price of gas in this country. “This would mean a drastic rise in electricity prices in Europe,..

05.03.22 11:47 |
 Energy Minister Alexander Nikolov

Bulgaria is ready to react to any gas delivery disruption: Energy Minister Alexander Nikolov

“The country is ready to apply adequate measures in the event of a breach or disruption of gas deliveries because of the war between Russia and Ukraine,” said Bulgaria’s Energy Minister Alexander Nikolov. During the extraordinary meeting of..

01.03.22 14:23 |
Minister of Finance Assen Vassilev (L) and Energy Minister Alexander Nikolov

Bulgarian economic delegation pays visit to USA

Deputy Prime Minister and Minister of Finance Assen Vassilev is on a visit to Washington DC, together with Energy Minister Alexander Nikolov and managers from Kozloduy NPP, Bulgargaz and Bulgartransgaz. They are to hold meetings at the White..

14.02.22 11:06 |
Energy Minister Alexander Nikolov

Bulgaria stands to lose if it stops exporting electricity: Energy Minister Alexander Nikolov

“It would only be possible for Bulgaria to stop exporting electricity if we agree not to be in the EU,” Bulgaria’s Energy Minister Alexander Nikolov said in an interview with Nova TV. “If we stop exporting electricity the price will fall. But..

31.01.22 10:41 |
PFC Beroe

Football club up for sale over problems in energy industry

PFC Beroe has officially been put up for sale, Energy Minister Alexander Nikolov announced. The current owner of the football club is Maritsa Iztok 2 thermal power plant. The decision was made in accordance with the government’s policy for optimizing..

23.12.21 15:09 |
Minister of Energy Alexander Nikolov

The state to compensate businesses for high electricity prices

“Because of the rising prices on the energy exchange businesses will receive compensations from the state for December, as well as for the first quarter of 2022,” Minister of Energy Alexander Nikolov announced. The companies which have..

21.12.21 15:09 |
Alexander Nikolov

Deputy Energy Minister Alexander Nikolov dismissed from post

By order of Bulgaria's caretaker Prime Minister Stefan Yanev, Alexander Nikolov has been dismissed from the post of Deputy Minister of Energy. This is stated by a short announcement on the government website. No reasons for the decision have been..

12.08.21 18:19 |
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