Turkish Stream project will be delayed by six months and according to Bulgaria’s promise, will be completed at the end of 2020, the Russian energy giant Gazprom writes in a memorandum for new euro-bond issue. The construction of the gas pipeline had to be completed in the first half of 2020, Interfax reminds.
According to the agency, Bulgaria which has not completed its section of the gas pipeline (Balkan Stream) due to the Covid-19 pandemic is the reason for the delay. This country has to build a 474 kilometer-long pipeline from the border with Turkey to the Bulgaria-Serbia border. The project is estimated at EUR 1.1 billion without VAT. Meanwhile, Bulgaria is alreay receiving gas for own consumption from Turkish Stream, Interfax claims.
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the country, with rain showers in parts of Eastern Bulgaria and the mountains, more intense in the Rhodope..
In its new World Economic Outlook report, the IMF has raised its forecasts for Bulgarian economic growth this year and next, compared to its estimates from April. At the same time, IMF expects increase in inflation, as well as a decrease in the..
The current year 2025 marks the 30 th anniversary of the Bulgarian Association of Information Technologies (BAIT). Speaking to BTA, the chair of BAIT, Irina Radoeva, said that the information technology industry is the fastest growing. More than..
Between January and September 2025, Bulgaria’s capital recorded a 10% increase in tourist arrivals and a 6% rise in overnight stays compared with the same..
Three Air Force officers were presented with the Presidential Badge of Honor, BTA reports. The head of state presented the award to..
Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted..
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