All principal construction work on the gas interconnector between Bulgaria and Greece via Komotini has been completed. Since mid-June the pipeline equipment has been filled and tested successfully with compressed natural gas. The gas pipeline, the seven valve stations, the two gas metering stations and the dispatch centre are technically viable, construction supervision has ascertained.
The Bulgarian-Greek company ICGB, which is the investor and future operator of the interconnector issued a statement denying allegations that the pipeline is unfinished. ICGB has submitted, to the Ministry of Regional Development and Public Works, a two-stage plan for the completion of the accompanying works.
The interconnector can be made operational in test mode at the end of August, ICGB says.
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank published a review of measures aimed to address the risks to the banking system, including those stemming from loans secured by residential real estate. ''Such concerns are well-founded given the situation in the real..
The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive. If a stable..
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