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 National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
The price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it..
"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of..
+359 2 9336 661