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, and Bulgaria as a country playing a balancing role for the entire region would take an indirect hit by such a price trend,” Minister Nikolov commented. In his words, because of the war in Ukraine the closure of the coal-fired power plants could be reconsidered. Alexander Nikolov said further that additional energy compensations are expected to be envisaged for businesses helping refugees from Ukraine.
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report by the European Commission on the state of the border-free zone, presented today. The report..
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the National Seismological Centre at the National Institute of Geophysics, Geodesy and Geography at the..
The INSAIT Institute at the University of Sofia has released its first language model in a foreign language. MamayLM was created for the Ukrainian state and is the most powerful Ukrainian language model to date, according to the Ministry of Education...
The political situation should give us the opportunity to start working with our compatriots outside the country, who have Bulgarian self-identity and..
Tuesday will be mostly sunny. Over Western and Central Bulgaria cumulus and cumulonimbus clouds will develop and it may rain in places. Minimum..
On April 23 and 24 from 10 a.m. to 4 p.m. the movement of all vehicles through the Petrohan Pass - Road II-81 will be limited because the removal of..
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