Russian oil company Lukoil plans to install photovoltaic and wind power generators in Bulgaria and Romania as part of its strategy to enter the renewable energy market, Russian RIA Novosti reported. The company will prepare the installations plans by the end of this year. Lukoil has not revealed the investment plans neither the potential locations. Lukoil runs the local oil refinery Lukoil Neftochim, located in the southern Black Sea city of Burgas, and a chain of petrol stations in the country Lukoil Bulgaria. |
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
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
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