Deputy Prime Minister and Minister of Finance Assen Vassilev stated, in an interview with the BNR, that Bulgaria will not renew its contract with Gazprom for the delivery of natural gas because of the war in Ukraine.
“During the next 1-2 weeks there will be discussions, at a European level, for a common gas contract for the entire European Union. We expect this mechanism to start functioning in the summer,” Minister Vassilev added.
“There are no negotiations currently taking place for the renewal of the contract with Gazprom, talks are being held with Azerbaijan for additional quantities of Azeri gas,” Ivan Topchiyski, chairman of Bulgargaz's board of directors stated, on his part, for Bulgarian public service TV BNT. He added that after 30 June, we can expect to receive Azeri gas at full capacity.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
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