Bulgaria’s outgoing Minister of Energy Alexander Nikolov has notified Gemcorp Holdings Ltd and IP3 of the termination, by mutual consent, of the non-binding memorandum of understanding that was signed between Bulgaria and the two companies on March 23, 2022. This was announced by Energy Minister Nikolov at today's meeting of the outgoing cabinet. The document provided for cooperation on projects for alternative and strategic gas supplies, development of nuclear energy and production of clean energy.
The memorandum was signed after the visit of a high-level Bulgarian delegation in the United States in March. However, according to western media, one of the companies is connected to Russian oligarchs. The government terminated the memorandum on 20 July. This would not entail payments for Bulgaria, outgoing Premier Kiril Petkov said in a TV interview.
Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..
During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the high western areas. There will be almost no precipitation in the easternmost regions. The morning..
The financial effect of our country's accession to Schengen by land will amount to BGN 1.63 billion (EUR 833.4 million) per year, according to a study..
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common..
The Ministry of Transport and Communications supports the idea of naming Sofia Airport after Vasil Levski– the most undisputed figure in Bulgarian..
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