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From Bulgaria
28.09.2016 15:38

Bulgarian Parliament Approved State-Aid for the National Electricity Company

The Bulgarian Parliament approved state-aid for the state-owned National Electricity Company (NEK), subsidiary of the Bulgarian Energy Holding (BEH). NEK will be granted state-aid to pay its debt towards Russian state-run company Atomstroyesport
28.09.2016 10:42

Atomstroyexport Failed to Answer Two Inspection Requests by Bulgaria’s NEK

Russian company Atomstroyexport failed to reply to two letters by Bulgaria’s state-owned National Electricity Company (NEK) requesting to be allowed to inspect the allegedly produced nuclear equipment for the stalled Belene NPP project. The
27.09.2016 17:22

Putin, Borisov Discussed NEK - Atomstroyexport Relations, Balkan Gas Hub

Bulgarian PM Boyko Borisov has talked with Russian President Vladimir Putin over the phone, tackling bilateral relations, the press office of the Bulgarian government said in a press release. Borisov informed Putin that the Bulgarian government
27.09.2016 16:07

Bulgargaz Contests Bulgarian Energy Regulator’s Planned Lower Gas Price Hike

Bulgarian state-owned gas incumbent Bulgargaz has contested the plans of the Energy and Water Regulatory Commission (EWRC) to approve a lower than requested price hike of natural gas in the fourth quarter of 2016. The EWRC said it plans to approve
20.09.2016 16:13

Romania-Bulgaria Gas Interconnector to Be Completed by End-2016

In the end of this year Bulgaria will have its first completed natural gas interconnector despite experienced delays, Bulgarian energy minister Temenuzhka Petkova said during an energy conference in Sofia organized by the Bulgarian Energy and Mining
20.09.2016 16:07

Bulgaria to Pay Atomstroyexport with Funds from the Fiscal Reserve

Bulgaria will pay Russian company Atomstroyexport with funds from its fiscal reserve, notably with funds within the BGN 2 bn buffer secured before the bank stress tests which were carried out in the spring of 2016. This was made clear during the
19.09.2016 15:16

Bulgaria to Announce Payment Options for Belene NPP Project within Days

The Bulgarian government is currently discussing the possible sources of financing for the BGN 800 m (about EUR 400 m) that the state-owned National Electricity Company (NEK) is poised to pay Russian corporation Atomstroyexport by the end of 2016.
15.09.2016 14:49

Bulgarian Ministry of Energy to Inspect Energy Companies Winter Readiness

For a second year in a roll the Bulgarian Ministry of Energy will be inspecting the preparedness of energy companies for the winter season. In the Sept 14 – 21 period the ministry will be visiting sites of the three regional electricity distribution
13.09.2016 18:12

Sofia Boasts Completed Western Arc of its Ring Road

The western arc of the Sofia ring road has been opened to traffic on Tuesday. The ring road stretch secures the connection between three motorways – Hemus, Trakia and Struma. The stretch is 5.5 km long and has been co-financed by the EU Cohesion
13.09.2016 17:09

Bulgaria Objects the Interest on Equipment Payment for Belene NPP (Energy Minister)

Bulgaria has objections to the amount of the interest that Bulgaria’s state-owned National Electricity Company (NEK) will have to pay to Russia’s Atomstroyexport for the reportedly produced equipment for the cancelled Belene NPP in Bulgaria.
09.09.2016 13:52

Bulgarian Energy Exchange Launched Application Process for Bilateral Contracts Platform

The Independent Bulgarian Energy Exchange (IBEX) announced that it has published a set of rules for the work of the centralised market for energy sale and purchase under bilateral contracts. The application process for partaking in the bilateral
08.09.2016 11:25

Bulgarian Gas Hub Received Support from Brussels (Bulgarian VP)

The project for a gas hub in Bulgaria has received the support of Brussels, but not of Moscow, Bulgarian VP Tomislav Donchev said during a parliamentary session on Wednesday, as reported by Mediapool. In his words the fact that the European Commission
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20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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