"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 is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco,..
The National Statistical Institute (NSI) expects a high evaluation from the inspection of the Organisation for Economic Co-operation and Development (OECD), said NSI President Assoc. Prof. Dr. Atanas Atanasov. A report will be released by the end..
In the modern world, it is no longer enough to know the individual monetary units of countries and to know how their currencies relate to the Bulgarian lev. Converting leva into euros and vice versa is not part of financial literacy in today's extremely..
Joining the Eurozone later in 2025 is a possible scenario, and at this stage, it is a more likely one, Bulgarian National Bank Governor Dimitar Radev..
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