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

GERB-SDS call on Prime Minister Glavchev to withdraw agreement with Ukraine

GERB-SDS has called on Prime Minister Dimitar Glavchev to withdraw the 10-year Security Agreement with Ukraine. According to Daniel Mitov from GERB, the moment chosen by Glavchev to submit such an agreement to parliament is not the right one...

published on 12/18/24 6:45 PM

Danube Bridge at Ruse-Giurgui between Romania and Bulgaria

Temporary border control introduced on the internal Bulgarian-Romanian border

At its meeting today, the Bulgarian government adopted a Decision to temporarily introduce border control on the internal Bulgarian-Romanian border , as well as to suspend the functioning of the border checkpoints on the internal Bulgarian-Romanian and..

published on 12/18/24 4:40 PM

Chief of Defense: There is nothing new for the Bulgarian Army in the agreement with Ukraine

Most of the countries in NATO and the EU have agreements on security cooperation with Ukraine. This was commented by the Chief of Defense, Admiral Emil Eftimov, in response to a journalistic question about the 10-year Agreement on Security Cooperation..

published on 12/18/24 3:39 PM