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

Warning of hazardous precipitation across Bulgaria

On Saturday, the lowest temperatures will be between 14 and 19°C; in Sofia - about 16°C. In the western regions, the highest temperature will be 19-20°C, while in the eastern regions of the country the temperature will reach up to..

published on 10/4/24 6:55 PM

EU's court lifts requirement for trucks to return to operational centre every two months

The Court of Justice of the EU has overturned part of European legislation requiring trucks for international transport to return every two months to the carrier's base. With its decision, the institution confirmed all other..

published on 10/4/24 4:31 PM

Dimitar Glavchev: There is potential danger of a migrant wave

There is a potential danger of a wave of migrants, caretaker Prime Minister Dimitar Glavchev said at a briefing after the meeting of the Consultative Council on National Security , at which the risks to this country stemming from the..

published on 10/4/24 3:09 PM