Economy
Bulgaria GDP Grows 0.5% in Q2, Spells End of Recession
Bulgaria's seasonally adjusted gross domestic product marked an increase of 0.5% in the second quarter compared to the first three months of the year thanks to a rise in...
Type at least two letters to see matching pages.
1 min read Source: Novinite
From our news archive: this article was published in September 2010. Figures and rules may have changed since.
Romania could export more electricity to Bulgaria, according to Adrian Baiscusi, general manager of Romanian power grid operator Transelectrica (TEL).
Baicusi has stated, as cited by Act Media, that as a result of Turkey joining the European electricity network (UCTE) in September, Romania should have opportunities to export energy to the south.
"For the period to come, the exchange with the neighbors will be intensified, as Turkey got into the syncronisation with UCTE and will import more energy from Bulgaria. We will export more to Bulgaria" Baicusi said at a seminar on energy issues.
Bulgaria is traditionally an exporter of electricity to countries in the entire Balkan region, even after the first four reactors of the Kozloduy NPP were shut down in 2002 and 2006, and it is unclear what Baicusi as no further details on his statement have been provided.
He did point out, however, that while looking to the south, Romanian producers could be in competition with the Eastern European states such as Ukraine, with lower prices
"We have pressure from the East, where there is cheap energy and the companies put pressure to get in the European zone. There is pressure for the Romanian producers, " Baicusi said.
Originally published by Novinite.
Economy
Bulgaria's seasonally adjusted gross domestic product marked an increase of 0.5% in the second quarter compared to the first three months of the year thanks to a rise in...
Economy
The International Technology Fair opens Monday in Bulgaria's second largest city of Plovdiv with participants from over 41 countries. The number of companies with display...
Economy
Bulgaria will advertise its culture and historical heritage with video clips and films, will start issuing licenses to tour guides while the cabinet will invest in the in...