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

Sunny and warm Friday

It will be sunny on Friday. In the afternoon, cumulus clouds will develop over the mountainous regions, but rainfalls are expected only in few places. There will be light easterly wind. The highest temperatures will be between 28°C..

published on 6/6/24 6:45 PM

Border patrol boost: 110 all-terrain vehicles roll in

Interior Minister Kalin Stoyanov today handed over the keys to 110 new all-terrain vehicles to the Border Police at an official ceremony. The vehicles were purchased with EU funding. The phased delivery of a further 200 pick-up trucks is expected to..

published on 6/6/24 6:26 PM

Analysis shows clean seawater along Bulgaria's Black Sea coast

The quality of seawater along Bulgaria's Black Sea coast is excellent, according to the first samples taken at the end of May before the start of the summer season. This was announced at the Shkorpilovtsi resort in the Varna region by the..

published on 6/6/24 6:15 PM