Sat, Nov 21 2009

Turkey is carrying out fundamental reforms to address its huge energy challenge, and has an important role to play in the Energy Community, European Energy Commissioner Andries Piebalgs says.
Even as Nabucco accord is signed, doubts over supply and financing linger
EU governments have pledged 250 million euro to support the nearly eight billion euro project
Management contracts handed to Bulgarian Energy Holding directors spark controversy even before new Cabinet is sworn in
Two-horse race between EU-backed Nabucco and Russia’s South Stream pipelines looks to be heating up, but hurdles remain in the way of each project
Russia’s EU Trojan horse makes a change, as Bulgaria seems to have learned a lesson from January’s gas crisis - Europeanise its energy resources.
Was President Purvanov’s energy forum anything more than just hot air?
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.