Bulgarian Energy Holding

Sofia's Mayor Vasil Terziev reassured residents that there are no risks for the upcoming heating season after a meeting with Energy Minister Vladimir Malinov. He stated that citizens should not be concerned about the heating season, emphasizing that Bulgargaz will continue to supply gas without interruption.

Bulgaria's state gas supply company, "Bulgargaz," has once again blocked all accounts belonging to the municipal heating company, "Toplofikatsia Sofia" (Heating Systems Sofia). This development was initially reported by" Focus" media, citing reliable sources, and later confirmed by BNT.

Acting Deputy Prime Minister and Finance Minister Lyudmila Petkova has raised concerns that Bulgaria might not receive the full second payment of 653 million euros under the Recovery and Resilience Plan (RRP). Petkova shared this warning during a parliamentary hearing, highlighting that several key commitments have yet to be fulfilled.

During debates on a draft decision concerning the Bulgarian Energy Holding, Minister of Finance Asen Vassilev announced that Bulgaria is on the brink of entering the Eurozone as it meets the inflation criterion.

The Bulgarian National Assembly passed a resolution, greenlighting the potential takeover of liabilities amounting to BGN 1.6 billion from Toplofikacia Sofia, the primary district heating company in the capital city. These outstanding debts are owed to both the Bulgarian Energy Holding and state-owned gas supplier Bulgargaz.

GERB has received assurances from the leaders of "We Continue the Change" that there will be a rotation of the cabinet. This happened at the last leadership meeting between the parties, GERB leader Boyko Borissov told journalists in the parliament:

The Council of Ministers today discusses the proposal of candidates for European Commissioner. Two candidacies were presented, an opportunity provided in Ursula von der Leyen's letter. The two candidates are Daniel Laurer and Iliana Ivanova. Prime Minister Nikolay Denkov told the media after the extraordinary meeting of the government.

All necessary quantities of natural gas for the operation of "Toplofikatsia Sofia" (Heating Systems Sofia) will be provided. A contract has already been signed between the district heating company and Bulgargaz.

This became clear after a meeting between the Acting Minister of Energy Rosen Hristov and the Chairman of the Sofia Municipal Council Georgi Georgiev.

"Toplofikatsia Sofia (Heating Systems Sofia) owes BGN 399 million to Bulgargaz," Denitsa Zlateva, executive director of Bulgargaz, announced on BNT.

She reminded that "Bulgargaz" cannot by law stop the supply of gas to heating companies and will seek new loans from the Ministry of Energy.

"Bulgaria did not make the right decision regarding the old contract with Gazprom. There is no way to sign a new contract. Every step is a big problem. We are going to arbitration, most likely."