In the first quarter of 2025, the state-owned company Bulgargaz reported a significant reduction in financial losses linked to its contract with the Turkish gas firm Botas and, notably, posted a profit from natural gas sales, according to a BGNES report. Shrinking Losses and Contract Costs Bulgargaz ’s losses for the first three months of 2025 totaled 32.443 million leva, a substantial improvement compared to the 100.896 million leva loss recorded in the same period last year. The company