Concession revenues to add some EUR 102mn to Bulgarian budget in 2012.

By bne IntelliNews September 26, 2012
Budget revenues from concessions will reach BGN 200mn (EUR 102mn) by the end of the year, economy and energy minister Delyan Dobrev projected. The amount is more than three times the initially projected inflow, mainly due to EUR 40mn received as one-off bonus from the consortium comprising Total, OMV and Repsol, which won concession contract for oil and gas exploration in Bulgarian offshore territories. The concession contracts for oil and gas exploration that the government signed in the past one year, will translate into BGN 500mn in capital investment and a substantial number of job openings, Dobrev added.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335