Russias oil major Lukoil has set up a joint company (50%/50%) with Italys ERG Renew (part of ERG Group), named LUKErg Renew, to run wind and solar energy projects in Bulgaria and Romania and later in Ukraine and Russia, Dnevnik Daily reported. The business plan should be approved by the end of the year. No investment values or deadlines have been disclosed so far. Lukoil owns the countrys oil refinery in Burgas Lukoil Neftochim and the petrol retailer 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