Podcast in English
Bulgarian National Radio © 2022 All Rights Reserved

Finance Minister Assen Vassilev: Bulgaria will not renew its contract with Gazprom for the delivery of natural gas

Assen Vassilev
Photo: BGNES, archive

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. 

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

IMF is against introduction of different VAT levels in Bulgaria

The International Monetary Fund - IMF expects average inflation in Bulgaria in 2022 to reach 12.2%. This is what the opinion of the Executive Board of the fund is. It is based on data of the institution's mission to Sofia...

published on 6/26/22 11:03 AM

High energy prices expected to dominate market at least until 2023

Deputy Minister of Energy Iva Petrova forecasts that high energy prices would dominate the market at least until 2023. During the Sofia Economic Forum , she said that the government's efforts after the suspension of gas deliveries from..

published on 6/21/22 3:54 PM

Parliament approves budget update at first reading

The MPs approved, at first reading, the update of the state budget. As of 1 July a differentiated VAT rate is being put in place – for bread VAT will be zero, for natural gas supplies – 9% instead of the current 20%. VAT on wine and beer served at..

published on 6/17/22 9:58 AM