Gazprom is selling its 50-percent stake in gas company Overgas Inc., registered in Bulgaria. For many years Overgas Inc. used to be an intermediary in deliveries of certain quantities of natural gas to Bulgaria. With revenues Overgas created gas supply networks in a number of villages and towns in the country. In the last working day of 2015, Gazprom Export informed the management of Overgas Inc., that gas supplies to the company would stop on January 1, 2016, which directly affected 59,000 households in the country. Due to urgent decisions by the cabinet, the crisis was quickly resolved with supplies from Bulgarian state company Bulgargaz. Later Overgas Inc. filed a claim at the arbitration court in Paris, arguing that halting gas supplies was in violation of a contract.
The European Commission's Directorate-General for Competition has notified Bulgargaz and Bulgartransgaz that the case on the agreements concluded between the Bulgarian companies and the Turkish energy company Botas has been closed and no competition..
Representatives of 4 clubs of the Macedonian Patriotic Organization (MPO) in North America met at the Church of the Holy Spirit in Youngstown. The host was the local society "Todor Alexandrov" from Ohio, which is now almost 90 years old. The president of..
The state will continue to function normally even without the parliament voting on the state budget , according to an analysis by the Institute for Market Economics (IME) called "Without a Budget for 2025 and Without an Extension Law: What Next?". The..
12 settlements in Smolyan district are without electricity after the heavy snowfall yesterday. Settlements in the municipalities of Smolyan, Devin and..
This year, employers prefer to replace the 13th salary with Christmas events and bonuses. Less than 50% of companies in Bulgaria pay bonuses...
Long lines of trucks and cars have formed at the border with Turkiye, reported Nova TV. The line of trucks on the Maritsa motorway has reached..
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