Text size

BICA Chairman Vasil Velev: Gazprom's suspension of gas supplies to Bulgaria is a "legend"

published on 6/5/22 11:46 AM

Chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev

Photo: BGNES

The chairman of the Industrial Capital Association in Bulgaria (BICA) Vassil Velev defined as a "legend" the claim that Gazprom has stopped gas supplies to our country. "The contract has not been terminated - there is a 'take and pay' clause in it, i.e. in December we may find ourselves having to pay hundreds of millions without having consumed this gas," he told BNR.

According to the businessman, Bulgaria continues to use Russian gas, but through intermediaries, "instead of directly and at a better price".

Vassil Velev criticised the budget update and the reform plan, which, in his words, is being reframed into anti-crisis measures. He thinks that the main measure for business should be the compensation of high electricity prices due to the spiking inflation.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News BICA Gazprom take and pay clause Vasil Vasilev

More from category

It is easier to be sole chairman of We Continue the Change, Assen Vassilev says

The chairman of We Continue the Change (PP) Assen Vassilev stated, in an interview with bTV, that it is easier to be the sole leader of the party than it is to be in a co-chairmanship with someone else after Kiril Petkov stepped down. Kiril..

published on 9/30/25 3:06 PM

Bulgaria top of the list of EU countries in cardiovascular deaths

The South-Central region of Bulgaria is the region of the EU with the highest mortality rate from diseases of the cardiovascular system – 66.2% of all deaths, Eurostat data show. This is double the average for the EU for this indicator, according..

published on 9/30/25 2:35 PM

Effective penalties, as of 8 October, for traders who fail to observe law on euro

Effective penalties will be imposed, as of 8 October, on tradespeople who fail to abide by the provisions of the law on the adoption of the euro in Bulgaria. The period of adaptation, in which the authorities only issue notices is about to..

published on 9/30/25 2:23 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: 8 | Max: 16

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Share

BICA Chairman Vasil Velev: Gazprom's suspension of gas supplies to Bulgaria is a "legend"

More from category

It is easier to be sole chairman of We Continue the Change, Assen Vassilev says

Bulgaria top of the list of EU countries in cardiovascular deaths

Effective penalties, as of 8 October, for traders who fail to observe law on euro

Partly cloudy skies and autumn-like temperatures expected on Tuesday

An increasing number of Bulgarians travel abroad, Greece is the most-preferred destination

Over 43,000 euros found in those who demanded bribes from drivers of Robbie Williams' equipment