According to the European Union’s revised draft on sanctions against Russia, Bulgaria would get a transition period until June or December 2024 to phase out imports of Russian oil, Bloomberg reports. Croatia will get an exemption for imports of vacuum gas oil. According to Bloomberg, “the European Commission sent a revised proposal to national governments on Saturday that would spare shipments of oil through the giant Druzhba pipeline, which is Hungary’s main source of crude imports”.
According to a Bloomberg source, the European Commission also proposed restricting re-exports of Russian oil supplied by pipeline to other member states or third countries. Member states would phase out their imports of seaborne crude in six months and refined petroleum products in eight months, Bloomberg reports.
In 2022, 2.78% of the population in Bulgaria was experiencing water shortages (drought), mainly on a seasonal basis. The most affected districts are Lovech (24.9%), Targovishte (19.0%), Blagoevgrad (14.8%) and Pernik (12.9%), according to the National..
The Ministry of Finance has drafted a law on crypto-assets markets to regulate trading in this type of instruments, BNR’s Radio Sofia reports. The initiative comes in response to the European Markets in Crypto-Assets Regulation (MiCA) which comes..
In 2023, farming products and food accounted for 47% of Bulgaria’s total exports to China. With regard to these exports in 2022 and 2023, Bulgaria occupies first place among the countries of Central and Eastern Europe . This transpired during a..
The Bulgarian Pavilion at this year's Venice Biennale is a great success among international journalists and visitors. "It is a great recognition for us to..
Sunday will be mostly sunny. In the afternoon, clouds will develop over eastern Bulgaria, but there will only be isolated showers and thunderstorms...
Dimitar Glavchev has a second chance to present a cabinet that will ensure the holding of fair and transparent elections , so that we can have a new..
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