Bulgargaz Drowns in Debt: 280 Million Leva Loss and Mounting Obligations to Turkey

Government

Bulgargaz is currently facing serious financial difficulties, with projected losses for 2024 amounting to 280 million leva, according to Energy Minister Zhecho Stankov, who spoke to Bulgarian National Television. A significant portion of this financial strain is due to growing debts to Turkey’s Botaş, which have already reached 220 million leva and are expected to rise to 250 million once the latest invoice is received by the end of March. The minister highlighted the urgency of the matter in

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