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Energy Minister: Bulgaria Secures Strong Financial Backing for Vertical Gas Corridor After Final Eurozone Accession Approval

Energy Minister: Bulgaria Secures Strong Financial Backing for Vertical Gas Corridor After Final Eurozone Accession Approval

International financial institutions are ready to provide funding eight times greater than what is actually needed for the construction of the Vertical Gas Corridor, Energy Minister Zhecho Stankov said, speaking to journalists in Rome, where he is...

Bulgaria Is Heading for the Eurozone. Should the Czech Republic Join?

Bulgaria Is Heading for the Eurozone. Should the Czech Republic Join?

Bulgaria is set to join the eurozone in January 2026, after meeting all the necessary criteria. The European Commission, European Central Bank, and EU finance ministers confirmed the country’s readiness in June. Bulgaria’s currency, the lev, has...

Bulgaria's Borissov: Failed No-Confidence Vote Exposes Alliance Between 'We Continue the Change' and Pro-Russian Parties

Bulgaria's Borissov: Failed No-Confidence Vote Exposes Alliance Between 'We Continue the Change' and Pro-Russian Parties

GERB leader Boyko Borissov described the recent failed no-confidence vote against the Zhelyazkov cabinet as a political success that revealed deeper alliances within the Bulgarian parliament. According to him, the vote confirmed what he had long...

What America Can Learn From Bulgaria About Securing Borders

What America Can Learn From Bulgaria About Securing Borders

In January 2025, the White House finally did what should have been done years ago: it designated Mexico’s brutal drug cartels as Foreign Terrorist Organizations. This gives American authorities broader tools to freeze assets, gather intelligence,...

Bulgaria’s Zhelyazkov Government Survives Fourth No-Confidence Vote

Bulgaria’s Zhelyazkov Government Survives Fourth No-Confidence Vote

The Bulgarian government, led by Prime Minister Rosen Zhelyazkov, withstood its fourth vote of no confidence. The motion, centered on failures in environmental and water policy, was tabled by “Greatness” with the backing of “Revival” and MECH. A...

Zhelyazkov to Zelensky: Bulgaria’s Support Will Continue During Ukraine’s Post-War Reconstruction

Zhelyazkov to Zelensky: Bulgaria’s Support Will Continue During Ukraine’s Post-War Reconstruction

Since the very beginning of the war, Bulgaria has supported Ukraine consistently and unwaveringly. This support will continue during the post-war reconstruction of the country, as it is of great importance not only for Ukraine itself but also for...

Economy Minister, Kuwaiti Ambassador Discuss Investment Opportunities in Bulgaria

Economy Minister, Kuwaiti Ambassador Discuss Investment Opportunities in Bulgaria

Economy and Industry Minister Petar Dilov met with Kuwaiti Ambassador Ghazi Hamed Alfadhli to discuss aspects of trade and economic relations and ways to step them up, Dilov's Ministry said on Friday. Dilov said: "Attracting Kuwaiti investment in...

Ministry Opens Applications for Business Energy Independence Scheme

Ministry Opens Applications for Business Energy Independence Scheme

The Ministry of Innovation and Growth has invited bids in a new funding procedure aimed at improving energy efficiency and promoting the use of renewable energy in Bulgarian companies. The initiative falls under the “Competitiveness and Innovation...

'Strategic Mistake': President Radev Warns Bulgaria’s Eurozone Entry Lacks Consensus and Risks Long-Term Damage

'Strategic Mistake': President Radev Warns Bulgaria’s Eurozone Entry Lacks Consensus and Risks Long-Term Damage

Bulgarian President Rumen Radev has accused government officials and commentators of spreading "brazen lies" about the controversial gas contract with Turkey’s state-owned company Botas. Speaking during a visit to the 24th Air Base in Krumovo,...

Watt’s Happening: Toni’s Weekly Energy Highlights (7/11/2025)

Watt’s Happening: Toni’s Weekly Energy Highlights (7/11/2025)

Watt’s Happening aims to provide breaking news, sharp analysis, and thoughtful commentary from the cutting edge of the energy sector as this dynamic area of the world continues to expand and grow before our eyes. Weekly Highlights: Solar Beats...

Thélios Expands Eyewear Manufacturing Hub in Italy With New Industrial Facility

Thélios Expands Eyewear Manufacturing Hub in Italy With New Industrial Facility

LONGARONE, Italy — “This is a win-win situation,” said Toni Belloni, president of LVMH Italy, at the inauguration on Thursday of the new industrial facility of eyewear firm Thélios. Located in Longarone, in the heart of Italy’s eyewear...

Fitch and S&P Upgrade Bulgaria’s Credit Rating

Fitch and S&P Upgrade Bulgaria’s Credit Rating

International credit rating agencies Fitch Ratings and S&P Global Ratings have upgraded Bulgaria’s long-term foreign currency credit rating to “BBB+” with a stable outlook. This marks the highest level within the upper-medium investment-grade...

Fitch and S&P Upgrade Bulgaria’s Credit Rating on Eurozone Accession Momentum

Fitch and S&P Upgrade Bulgaria’s Credit Rating on Eurozone Accession Momentum

Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to ‘BBB+’ with a stable outlook, marking the highest level in the medium investment-grade tier. The...

Zhelyazkov to Zelensky: Bulgaria Will Be a Steady Partner in Ukraine’s Reconstruction

Zhelyazkov to Zelensky: Bulgaria Will Be a Steady Partner in Ukraine’s Reconstruction

Prime Minister Rosen Zhelyazkov assured Ukrainian President Volodymyr Zelensky that Bulgaria will remain a steadfast partner in the post-war reconstruction of Ukraine. The two leaders held talks in Rome during the Fourth High-Level Conference on...

State Agency for National Security Questions Former Caretaker Energy Minister Hristov about BOTAS

State Agency for National Security Questions Former Caretaker Energy Minister Hristov about BOTAS

Former caretaker energy minister Rossen Hristov was questioned about Bulgaria's contract with the Turkish energy company BOTAS at the State Agency for National Security on Thursday evening. The problem is the implementation of the contract, he...

Bulgaria busts largest illegal cigarette factory

SOFIA, July 10 (Xinhua) -- Bulgarian authorities have dismantled the largest illegal cigarette factory ever discovered in the country, the Prosecutor's Office announced on Thursday. According to an official statement, the clandestine facility was...

Bulgaria Eyes Key Role in Ukraine’s Reconstruction Through Major Infrastructure Projects

Bulgaria Eyes Key Role in Ukraine’s Reconstruction Through Major Infrastructure Projects

Bulgarian Prime Minister Rosen Zhelyazkov emphasized Bulgaria’s commitment to supporting Ukraine’s long-term reconstruction through large-scale infrastructure projects, which he said will be crucial for ensuring connectivity and regional security....

Bulgaria Becomes 21st EU Member To Adopt Euro Despite Domestic Opposition

Bulgaria Becomes 21st EU Member To Adopt Euro Despite Domestic Opposition

Bulgaria will officially adopt the euro, becoming the 21st member of the Eurozone on January 1 after meeting all the criteria required for joining the European Monetary Union. "I warmly welcome the positive conclusions of the Convergence Reports...

Energy Minister Says Contract with BOTAS Will Cost Bulgaria Billions, Counter-Corruption Commission Investigates Case

Energy Minister Says Contract with BOTAS Will Cost Bulgaria Billions, Counter-Corruption Commission Investigates Case

Representatives of the Counter-Corruption Commission (CCC) arrived Wednesday at 11:00 a.m. at the Ministry of Energy building. The CCC was provided with documents containing all information in the ministry related to the contract with the Turkish...

Bulgaria to become 21st euro area member from January 2026

Bulgaria to become 21st euro area member from January 2026

The Council of the European Union has formally approved Bulgaria’s accession to the euro area, with the transition set for January 1, 2026. The lev will be converted at a fixed exchange rate of 1.95583 per euro, aligning with its central rate...

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