"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.
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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