Economy of Russia

Bulgarian Minister: Negotiations with Gazprom may be Unpleasant and Immoral but They will Continue

"Perhaps the negotiations with Gazprom are immoral and unpleasant, most likely Russia is not a reliable long-term partner, but we will continue our trade relations".

This was stated to BNT by the Deputy Prime Minister for the management of European funds, Atanas Pekanov.

Bulgaria: There are No Guaranteed Quantities of Natural Gas for October

"Things with the interconnector to Greece are under control, the whole country has been mobilized. A lot of time has been wasted, in which nothing has really been done," said at a briefing Hristo Alexiev, Acting Deputy Prime Minister for Economic Policies and Minister of Transport and Communications, Chairman of the Crisis Staff.

Bulgarian Ombudsman Urges Govt to Help Households Pay Gas Bills

Ombudsman Diana Kovacheva said on Thursday that she is concerned by the information she has received from struggling households and called on Bulgaria's interim government to focus on swift action to financially support domestic customers of natural gas and companies using gas to heat residential buildings.

Leading banking group NLB doubles H1 profit to EUR 287m

Ljubljana – Slovenia’s largest banking group, NLB, reported on Thursday EUR 287 million in profit after tax for the first half of 2022, a 105% increase year-on-year. The growth was mainly driven by positive effects related to the acquisition of N Banka, formerly Sberbank. The profit of the core bank NLB fell from EUR 77.1 million to EUR 66.9 million.

Moldova Runs out of Cash to Pay Gazprom’s August Bill

Moldova will not be able to honour its payment obligations for August for gas from Gazprom, the director of Moldovagaz, Vadim Ceban, told BIRN on Thursday.

"We hope we can get an extension of the payment term. The deadline is August 20, but I think we can also pay on August 22," Ceban told BIRN.

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