Nr. 50 (445), 30-12-2020
Weekly Bulletin
ISSN 1314-5339

Currency
    HOME  INFORMATION  ARCHIVE  CONTACT  BCCI  


BULGARIAN ECONOMY

Azeri natural gas starts flowing to Bulgaria on 1 January 2021


From 31 December, Bulgaria will start receiving natural gas from Azerbaijan. According to the signed contract between Bulgargaz and the Azerbaijani oil company SOCAR, 1 billion cubic meters of gas per year will be delivered to our country from the Shah Deniz 2 gas field for a period of 25 years, the government press office reported.

"We guarantee that on 1 January next year we have not only achieved energy diversification, but will also have supplies of Azeri gas, which enters the territory of Bulgaria via Greece.

Minister of Energy Temenuzhka Petkova highlighted the importance of the treaty with Azerbaijan. "This is an extremely important contract that is related to the implementation of our priorities – the diversification of natural gas supplies. It will give us the opportunity from 31 December this year for Bulgaria to have a new, different source", Petkova said.

By early October next year, natural gas will flow to Bulgaria through a temporary delivery point - Kulata, which connects the Trans-Adriatic pipeline (TAP) with the Greek gas transmission system. In the meantime , we continue to build the Greece-Bulgaria Gas Interconnector. It is the connection point between TAP and IGB - Komotini, that will be the point of supply of Azerbaijani gas after this transition period of several months. The delay in building the interconnector is due to the COVID-19 pandemic, the government press service reported.

 

NEWS FROM BCCI
For the 126th year, BCCI’s door will remain wide open for all of you
In the new 2021, the Chamber will continue to support and assist the Bulgarian business community More
Meeting with the newly appointed Bulgarian Ambassador to France
Cooperation to provide support for French and Bulgarian companies More
The Ambassador of Pakistan to Bulgaria H.E. Ms. Mariam Madiha Aftab visited BCCI
An information event is planned to acquaint Pakistani companies with the business environment in Bulgaria More
Traditional meeting of the Club of Joint and Foreign Chambers – in a virtual format
Sharing experience to promote business activity in the current environment More
A virtual event dedicated to the promotion of business relations with India
Sectors with potential for bilateral economic cooperation: pharmaceutical and food industry, ICT, wine production More
BCCI provides legal consultations
In the field of company, commercial, administrative and labour law, out-of-court dispute resolution More
BULGARIAN ECONOMY
Situation of the non-financial enterprises in the state of emergency and the ensuing epidemic situation in November 2020
The total hourly labour cost rose by 3.5% for the third quarter of 2020
The highest annual growths were recorded in “Real estate activities” - 23.9% and “Public administration and defence; compulsory social security” - 15.9% More
The scope of BDB guarantee program in support of individuals is expanded
The government’s decision increases the ceiling for interest-free loans and the deadline for applying More
Azeri natural gas starts flowing to Bulgaria on 1 January 2021
1 billion cubic meters of gas per year will be delivered to Bulgaria from the Shah Deniz 2 gas field for a period of 25 years More
INVEST IN BULGARIA
“Investor of the Year” 2020 – the nominations have started
InvestBulgaria Agency wants to encourage "on the green" new projects as well as extension of well-developed businesses More