Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria's outgoing cabinet terminates the memorandum with Gemcorp

outgoing Minister of Energy Alexander Nikolov
Photo: BGNES

Bulgaria’s outgoing Minister of Energy Alexander Nikolov has notified Gemcorp Holdings Ltd and IP3 of the termination, by mutual consent, of the non-binding memorandum of understanding that was signed between Bulgaria and the two companies on March 23, 2022. This was announced by Energy Minister Nikolov at today's meeting of the outgoing cabinet. The document provided for cooperation on projects for alternative and strategic gas supplies, development of nuclear energy and production of clean energy.

The memorandum was signed after the visit of a high-level Bulgarian delegation in the United States in March. However, according to western media, one of the companies is connected to Russian oligarchs. The government terminated the memorandum on 20 July. This would not entail payments for Bulgaria, outgoing Premier Kiril Petkov said in a TV interview. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Council of Ministers extends current program in support of Ukrainian refugees by a month

The program for humanitarian assistance to displaced persons from Ukraine has been extended by a month, the government press service reported. During this time, humanitarian assistance will continue to be provided to Ukrainian..

published on 4/2/25 9:43 AM
Hasan Azis

Democracy, Rights and Freedoms – DPS is to support the cabinet at least until June

“Democracy, Rights and Freedoms” – DPS will support the government at least until the coming of the convergence report on the eurozone, which is expected in June this year, it became clear from the declaration adopted at a six-hour..

published on 4/2/25 8:55 AM

International festival of comedy and satirical performances takes place in Gabrovo

Nine titles will be presented on 4 stages during the International Festival of Comedy Performances in Gabrovo. The organizer of the event, which will take place from April 2 to 6, is Racho Stoyanov Drama Theater - Gabrovo. Two of the..

published on 4/2/25 7:05 AM