Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant (NPP).
In a pivotal move, Members of Parliament (MPs) approved in the second reading the proposal to collaborate with the USA on the expansion project at Kozloduy NPP. The decision marks a crucial milestone in Bulgaria's efforts to enhance its nuclear capacity and secure its energy future.
The draft law for the ratification of the Agreement between the Government of the Republic of Bulgaria and the Government of the United States of America on cooperation for the Kozloduy NPP expansion project has garnered bipartisan support. Political parties including GERB, "We Continue the Change-Democratic Bulgaria" (WCC-DB), Movement for Rights and Freedoms (DPS), and "There Is Such a People" (TISP) have endorsed the agreement, underscoring the broad consensus on the initiative.
The agreement signals a strategic partnership between Bulgaria and the USA in advancing nuclear energy for civil purposes. It lays the groundwork for collaboration on the construction of additional nuclear units at the Kozloduy site, aiming to bolster Bulgaria's energy security and meet growing electricity demands.
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Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
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