"When the so-called Energy Grand Slam (three major Bulgarian-Russian energy projects agreed in January 2008) was announced, a joint-stock company was created. Russia acquired 50% of its capital and the remaining 50% was shared equally between Bulgaria and Greece. This company still exists”, said Valentin Nikolov, Chairman of the Bulgaria World Energy Council Committee. Russia never gives up on its strategic decisions, said Valentin Nikolov who supports the renewed concept for an oil pipeline bypassing the Bosphorus. It will allow the oil refinery in Burgas and refineries in Romania to have direct access to oil from the Middle East and the Mediterranean.
"The point is not to turn the Alexandroupoli – Burgas oil pipeline into a Burgas - Alexandroupoli pipeline at some point. We have to limit such an option because in case of a change in the geopolitical situation Russia will in any case show interest in this oil pipeline," the expert warns.
Bulgaria’s industry is being transformed in the direction of high added value productions, reads an analysis by the Institute for Market Economics. This tendency is best manifested in computer science, electronics and optics which account for the..
Acceleration of inflation to 1.1% in October compared to the previous month was registered by the National Statistical Institute. On an annual basis, the index is 1.8 percent. In October, the prices of goods and services for..
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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