Bulgaria has decided to invest more than €295 million in the so-called ‘Vertical Corridor,’ a key initiative between seven Balkan countries’ gas transmission operators to reduce reliance on Russian gas.
This is the value, excluding value-added tax, of a public tender launched in connection to the project that aims to extend the existing gas connections between Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova.
The tender was launched at the request of Bulgartransgaz Executive Director Vladimir Malinov and was implemented following a decision of the National Assembly on 14 March, Bulgartransgaz said on…
