Dragomir Stoynev

Economy and Energy Minister Dragomir Stoynev informed that the National Electric Company (NEK) had not received payments from the power distributors by Tuesday.

Gennady Timchenko, included in US list of sanctions over Ukraine, is to build Bulgaria's part of the South Stream.

The Russian official is reported to have a 63% share in Stroytransgaz, the company in charge of Bulgarian sector of the South Stream pipeline project.

Bulgarian Energy Minister Dragomir Stoynev has rejected accusations that the current government is to blame for bringing the South Stream gas pipeline project to a standstill.

Prices of electricity might go up if power distributors can prove their expenses have increased.

Bulgaria's State Commission for Energy and Water Regulation is to decide Wednesday on a procedure for the termination of the licenses of the three power distributors.

Bulgarian Energy Minister Dragomir Stoynev has warned power distributors that they may face nationalization unless they pay debts to the National Electric Company (NEK).

Speaking Monday in Plovdiv, Stoynev noted that CEZ, EVN and Energo-Pro, the three power distributors operating in the country, had to pay their debts of over BGN 318 M to the financially troubled NEK.

Tasks regarding the South Stream are under way at a technical level, Bulgaria's Economy Minister Dragomir Stoynev has said.

He asserted that the gas pipeline project has not come to a halt despite "political" factors that might lead to delays, Stoynev explained in an interview for the Bulgarian National Television.

Bulgaria's business climate is improving according to the Minister of Economy and Energy Dragomir Stoynev.

Minister Stoynev met in Sliven with investors and representatives of the business sector in order to discuss the opportunities for advancing entrepreneurship, and what the government can do in this respect.