Czech-owned electricity distribution company CEZ has announced the investment of BGN 4 M in 69 new energy projects in Western Bulgaria. The investment is supposed to improve the quality of electricity supply in 30 cities and villages, including the capital Sofia. The projects include activities such as expansion and rehabilitation of the power grid, laying [...]
Bulgaria’s cabinet decided Wednesday to transfer the ownership of the troubled Sofia heating utility “Toplofikatsiya” to the City Hall, the Council of Ministers reports. Until now, all shares of the company were owned by the Ministry of Economy, Energy and Tourism. The cabinet of the Citizens for European Development of Bulgaria (GERB) party is transferring [...]
Wind turbine giant Suzlon has revealed that it has formed a joint venture with Volkswind Bulgaria in a bid to increase its growth in the Bulgarian wind energy market. Suzlon’s European wing, Suzlon Wind Energy, the subsidiary of the wind turbine manufacturer has entered into an agreement with Volkswind Bulgaria GmbH, which is a subsidiary [...]
Nabucco Gas Pipeline International has launched a prequalification process as starting phase for the procurement of long lead items needed for the construction of the gas transit pipeline. The value of the entire package is around EUR 3.5 B, and the deadline for companies to participate in the prequalification is May 17, 2010. “Long lead [...]
Toronto-based Dundee Precious Metals Inc. announced that a Bulgarian supreme court has confirmed the revocation of a 2008 environmental impact assessment resolution, which gave the green light to its gold and copper mine in Chelopech, Bulgaria. The final decision of the Supreme Administrative Court of Bulgaria on the EIA Resolution for the metals processing facility [...]
The Bulgarian Energy Holding (BEH), the mega-structure grouping all big state-owned energy companies will be dissolved by the end of June. The information was announced Monday by the Bulgarian Economy and Energy Minister, Traicho Traikov, who spoke during a round table titled: “Bulgaria Attractive Investment Destination.” The cabinet is still mulling if they should make [...]
“Lukoil-Neftohim” will launch in May two new installations for diesel fuel in Burgas, the Chair of the Managing Board of the refinery in the Black Sea city, Sergey Andronov informs. Andronov further said Friday that the opening ceremony will attract prominent guests and firmly denied rumors the refinery will be relocated to Romania or any [...]
Bulgaria’s ex Energy Minister, Rumen Ovcharov, plans to refer to the Prosecutor’s Office two crucial energy deals made in the late 1990s. Ovcharov, who was the Economy and Energy Minister in the Stanishev government in 2005-2007, and is currently a MP from the opposition Socialist Party, has made it clear he is eager to oppose [...]
Bulgarian motorists will soon have a new choice of efficient fuels for their vehicles at all 55 Rompetrol outlets in the country. Rompetrol, a Romanian oil and gas refining and marketing company, has announced that its Efix diesel and Efix gasoline 95 lines have been created to both protect engines and to boost performance. The [...]
The Nabucco gas pipeline project and energy co-operation in general was a key theme in separate talks between visiting Turkish foreign minister Ahmet Davutoglu and Bulgarian President Georgi Purvanov, Prime Minister Boiko Borissov and Foreign Minister Nikolai Mladenov. Davutoglu was in Bulgaria on March 18 and 19 2010, in what the Bulgarian Foreign Ministry said [...]
World Bank President Heaps High Praise on Bulgarian Govt
Bulgarian State Companies with New Orders for Bank Selection
World Bank President Robert Zoellick Heads for Bulgaria
Bulgaria Consolidates Control of Finance, Customs, Tax Authorities
Average Wage in Bulgaria Up 9% Q2 Y/Y
Bulgaria with Staggering Export Growth to Non-EU States in 2010 H1
Bulgarian State Railroads to Request Loan from World Bank
