Sun, Nov 22 2009
Chiren storge facility
Photo: NIkolai Doichinov
Russia and the European Union have agreed on an early warning system if another natural gas cutoff looms. Some say that Bulgaria, among other countries hard-hit by the January 2009 crisis, is now better prepared. Not everyone is convinced.
Loss of Russians could be compensated with an increase of British tourists, one tourist industry association says.
The Bulgarian government has proceeded with gas supply diversification plans, as well as modernising and upgrading the Chiren gas storage facilities.
A month after Bulgaria was caught by surprise by the natural gas dispute between Russia and Ukraine, the country is preparing for another gas crisis
As another possible gas crisis looms big on the horizon, Bulgaria is drawing contingency plans to deal with any shortfall in deliveries.
After a week of denials, Economy Minister Petar Dimitrov conceded that Bulgaria could face a shortage of gas next winter.
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.