Sat, Nov 21 2009

Bulgaria will seek compensation for cut off gas supplies

Wed, Jan 07 2009 13:29 CET byPetar Kostadinov 122 Views

Bulgaria would claim compensations from the three companies that provide natural gas to the country in order to recover losses it suffered from the cut off of its supplies, Economy and Energy Minister Petar Dimitrov told private national broadcaster bTV on January 6 2009.

"We have perfect contracts with these companies that stipulate what needs to be done in cases of interrupted gas supplies. In this situation when we have a complete halt of the supplies we can not be compensated in any other way than financially" he said. The three companies in question are Overgas, Gazpormexport and Wintershall.

A few hours later, after meeting business representatives, Dimitrov said that Bulgaria could seek compensation with the help of the European Union.

Dimitrov was quoted by Bulgarian-language daily Dnevnik as saying that Russia has asked Bulgaria to pressure the Ukraine to pay its debts to Russia's Gazprom.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

EC suing Bulgaria for Sofia waste disposal failure

The European Commission is taking Bulgaria to court for delays in providing Sofia with adequate waste disposal facilities.

US ambassador-designate Warlick addresses senate confirmation hearing

James Warlick is the spouse of Mary Warlick, director of the office of Russian affairs at the US state department, who has been nominated to serve as ambassador to Serbia

Bulgaria declares flu epidemic at an end

Bulgaria’s Health Ministry announced on November 20 2009 that the flu epidemic declared two weeks earlier is at an end as rates of infection decline. The announcement coincides with reports of two deaths from A (H1N1) flu in Bulgaria.

Bulgarian prosecutors to investigate Dogan’s real estate deals

Acting on allegations by Democrats for a Strong Bulgaria leader Ivan Kostov, prosecutors and Government officials are to probe deals by which Movement for Rights and Freedoms leader Ahmed Dogan acquired various properties.

Sofia prosecutors charge Bulgaria’s former defence minister Nikolai Tsonev

Prosecutors allege that a deal agreed by the former defence minister caused losses of 12.9 million leva.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.