Bulgaria: energy security strategies explored with U.S. Officials

Bulgarian Ministers Rumen Radev of Energy and Assen Vassilev of Finance have recently engaged in high-level talks with US Secretary of Energy Jennifer Granholm in Washington, D.C., focusing on critical energy issues. The meeting underscored the importance of bilateral cooperation in nuclear technology, energy diversification and enhancing energy security. Central to the discussions was Bulgaria’s…

Bulgaria: energy crisis looming by 2038

Energy expert Ivan Hinovski has issued a stark warning about Bulgaria’s future energy prospects, highlighting the imminent threat of losing all base capacities until 2038. Hinovski emphasized the critical importance of securing the agreement for the seventh unit of the Kozloduy Nuclear Power Plant (NPP) to ensure a reliable energy source in all weather conditions.…

Bulgaria: Varna tourism industry up in arms against offshore wind farm plans

The picturesque city of Varna is experiencing a clash between its tourism sector and proposed plans for offshore wind farms, sparking controversy and opposition within the local community. The draft bill outlining the construction of these wind farms recently passed its first reading in the National Assembly, triggering dissent among various stakeholders. Stoyan Marinov, co-chairman…

Ukraine: working group created to resolve issue of debt repayment in energy market

Minister of Energy of Ukraine German Galushchenko has signed an order to establish a working group on debt repayment in the electricity market. The group is to promptly develop an effective mechanism for balancing the financial condition of electricity market participants, in particular the transmission system operator, producers of electricity from alternative sources for which…