Sat, Nov 21 2009

Bulgaria is sticking to its case that the South Stream natural gas pipeline should use a new transmission network instead of the existing infrastructure, Deputy Economy Minister Yavor Kouyumdjiev told the Bulgarian National Radio.
Russia remains adamant that it is not to blame for the disruption of gas supplies in January, saying any demands for compensation should be addressed to Ukraine
Countries involved in the Nabucco gas pipeline project will sign a deal in June 2009 on the technical and legal aspects of the project, described in a joint declaration as a priority for the European Union, but beyond a statement by the European Investment Bank that it might put up a quarter of the money for construction of the eight billion euro scheme, how and whether Nabucco will be funded remains unclear.
Whatever the reason for the cut off supplies of Russian natural gas to Bulgaria, the energy shock that hit the country on January 6 was a painful reminder of its total dependence on Russia's energy policy. For years, Bulgaria has been relying on its sole natural gas pipeline that brings natural gas from Russia and that has allowed Bulgaria to act as a transit country for natural gas supplies to Greece, Turkey and Macedonia.
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.