The government has decided to withdraw the estimated revenue of €1.2 billion from the new tax on the transfer of Russian gas from the state budget 2024 because the ruling majority doubts that the money can be obtained, Finance Minister Asen Vasilev said on Sunday.
read more... 21/11/2023
The European Commission on Monday (20 November) extended by six months to June 2024 a scheme enabling EU countries to help companies hit by energy price spikes caused by Russia’s war on Ukraine.
read more... 21/11/2023
Oil prices recovered slightly on Monday, after Saudi Arabia and Russia reaffirmed their crude production and export cuts until the end of the year. Consequently, Brent crude closed at $85.18 per barrel, and WTI crude ended at $80.82 per barrel.
read more... 07/11/2023
Europe may find itself with excess LNG capacity following a flurry of newbuild import terminals and project announcements in the wake of Russia’s invasion of Ukraine, amid declining demand, according to analysts.
read more... 01/11/2023
Bulgaria can decide how it will be using the revenues it makes from the €10/MWh tax on Russian gas imports transiting through Bulgarian territory, the European Commission confirmed on Monday.
read more... 31/10/2023