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.
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
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