News

From Bulgaria
30.09.2015 15:44

Bulgaria to Have Working Electricity Exchange Platform in December

Bulgaria will have an operating power exchange as early as December 8, 2015. Initially it will only include business consumers, with no set date for households to go off the regulated tariffs it emerged during the first of a series of discussions
29.09.2015 11:05

Shell Will Explore for Oil and Gas in the Bulgarian Offshore Block Silistar

The international oil company Shell will explore for oil and gas in the Bulgarian Black Sea block of “Silistar”, as announced today by the Bulgarian energy minister Ms. Temenujka Petkova. The announcement was made during an official event,
24.09.2015 15:43

BGN 2 Bn. Invested in Road Construction under OP Transport 2007 – 2013

Nearly BGN 2 billion (about EUR 1 billion) have been invested in the construction of important roads and highways under the Operational Programme Transport 2007 – 2013, Bulgarian regional development minister Liliana Pavlova stated during her
18.09.2015 12:45

Bulgaria Considers Road Toll for Cargo Vehicles as of 2017

Bulgaria is considering the introduction of road toll systems for freight vehicles as of 2017, the head of the Road Infrastructure Agency Eng. Lazar Lazarov said for the Bulgarian National Radio. Light vehicles however would continue to be taxed
17.09.2015 11:35

Fitch Downgrades Bulgarian Energy Holding to 'BB-'

Fitch Ratings has downgraded Bulgarian Energy Holding EAD's (BEH) Long-term foreign and local currency Issuer Default Ratings (IDR) and its foreign currency senior unsecured rating to 'BB-'. The outlook has been set to “Negative”, the
16.09.2015 15:56

Sefcovic: Bulgaria Could think of a Gas Hub After the Completion of Gas Interconnectors

The construction of a natural gas hub in Bulgaria could potentially happen only after interconnections with neighboring Serbia, Turkey and Greece are completed, EC VP Maros Sefcovic said during the “Energy Security and Energy Infrastructure
11.09.2015 15:32

First Campaign for Collective Electricity Supplier Switch in Bulgaria

Online platform energienpazar.bg (meaning “energy market”) announced it is launching the first campaign for collective electricity supplier switching in Bulgaria. The event will take place on Monday, September 14, at 10.00 a.m. EET, at
09.09.2015 10:15

Lufthansa Flights from and to Sofia Cancelled

All Lufthansa flights today from and to Sofia have been cancelled, the German company announced on its website. In total, about 1000 flights of Lufthansa have been cancelled globally today due to short- and medium-haul pilots joining their long-haul
03.09.2015 13:10

Bulgaria Adopts Updated Nuclear Waste Treatment Strategy

The Bulgarian Council of Ministers has announced on September 2 that it had updated the country’s strategy for treating spent nuclear fuel and radioactive waste. The strategic paper covers the period until 2030 and has been prepared in accordance
01.09.2015 16:23

Bulgarian TSO Data Suggest 17% RES Production Growth Y/Y

The production of electricity from renewable energy (wind, PV and biomass) in Bulgaria has grown with 16.98% in 2015 compared to the same period of 2014, data from the national TSO suggest. The biggest surge has been observed with small-scale (up
28.08.2015 14:49

Total, OMV, Repsol Start Bulgarian Offshore Exploration in 2016

The consortium of France’s Total, Austria’s OMV and Spain’s which won a tender to research and exploration of oil and natural gas in Bulgarian offshore block Han Asparuh has announced it would start its first exploration drillings
26.08.2015 16:09

AES Galabovo Seconded ContourGlobal in Debt Payment Claim to NEK

The Bulgarian National Electricity Company (NEK) currently owes AES Galabovo BGN 500 million (about EUR 250 million), while the power plant operator owes the state-owned Maritsa East Mines BGN 60 million (about EUR 30 million). AES Galabovo informed
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Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
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