BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Stanchev Krassen
Russia's State-Owned Companies and Contemporary Bulgarian Political and Economic Landscape
Rocznik Instytutu Europy Środkowo-Wschodniej, 2015, R. 13, z. 5, s. 9-33, bibliogr. 24 poz.
Issue title
Russia in the Balkans. Threat or Opportunity?
Geopolityka, Energetyka, Polityka energetyczna
Geopolitics, Energetics, Energy policy
Unia Europejska (UE)
European Union (EU)
Rosja, Bułgaria
Russia, Bulgaria
The paper represents and attempt to link energy projects of government companies of the Russian Federation with nowadays Bulgaria's political and economic environment. It focuses on the last ten years and gives deeper historical background (e.g. Bulgaria defaults on its foreign debt to Soviet banks, nuclear projects of the Communist era, etc.) only when relevant for the understanding of the contemporary situation. The first section of the paper summarizes a 2002-2015 energy project in its controversial policy environment. The second section explains the impacts on Bulgarian power sectorpolicies, especially delays in its liberalisation, controversies around EU policies related to renewable energy and environment policies, plus public and political attitudes towards FDI's and energy resources. The power sector policies have had negative side-effects on the country's banking sector, a bank run and a bankruptcy of one bank in 2014; this experience is reviewed in the third section of the paper. The forth part describes the impacts on Bulgaria's political establishment in 2007-2014, and attempts, instead of conclusion, a description of peculiarities of the contemporary Russia-Bulgaria controversies. The paper uses several documents and sources that are almost unknown to the international audience. (original abstract)
The Main Library of the Cracow University of Economics
  1. Bulgarian Project Company for Oil Pipeline Burgas-Alexandroupolis Welcomes New CEO, "Novinite", 27.03.2015, 167535/Bulgarian+Project+Company+for+Oil+Pipeline+Burg as-Alexandroupolis+Welcomes+New+CEO#sthash.I7RpRmYM.dpuf
  2. Bulgaria's Energy Minister Troubled by EU's Procedure against South Stream, "The Banker", 23.05.2015, minister-troubled-by-eus-procedure-against-south-stream
  3. Dachkov Y., Trankova D., Doomed to Friendship: Bulgaria Torpedoes the West's Efforts to Diversify its Energy Sources, "Vagabond", 01.02.2008, http://www.
  4. Hazakis K. J., Mourmouris J. C., Social Impact Assessment of FDI in Energy Projects: Burgas-Alexandroupolis Oil Pipeline as a Case Study, "International Journal of Trade and Global Markets", vol. 5, 2012, no. 3/4.
  5. Lucas E., The New Cold War: Putin's Treat to Russian and the West, Palgrave McMillan, New York 2014.
  6. More Troubles at Bulgarian Nuclear Power Plant, "Novinite", 21.10.2010, (a reprint from The Guardian).
  7. Natural Gas Europe, How the Game Is Played: The Life and Death of South Stream, and-death-of-south-stream-25486 (reprinted from Startfor).
  8. Orttung R., Perović J., Pleines H., Schröder H. H., Russia's Energy Sector between Politics and Business, Forschungsstelle Osteuropa Bremen, "Arbeitspapiere und Materialien", 2008, no. 92, http://www.forschungsstelle. pdf
  9. Russia-Bulgaria Package Deals Arouse Energy Concern, "ChinaView", 19.01.2008, 7452186.htm
  10. RWE Pulls out of Belene, "World Nuclear News", 28.10.2009, http://www.
  11. Stanchev K., Another Sort of Occupy Movement: Bulgaria, "4Liberty", 30.12.2013,
  12. Stanchev K., Natural Gas from Shale Socio Economic Impacts for Bulgaria, KC2 Ltd., Institute for Management of Energy, Sofia 2013, var/images/Natural_Gas_from_Shale_for_Bulgaria_KC2_Study_27-2-14_ EditedENG.pdf
  13. Stanchev K., Reputation Matters: A Not-So-Typical June 2014 Bank Run in Bulgaria (A Public Choice Perspective), "4Liberty", 09.07.2014, http://4liberty. eu/reputation-matters-a-not-so-typical-june-2014-bank-run-in-bulgariaa- public-choice-perspective/
  14. Court case: AIP, Lachezar Lisicov (Desant daily) vs. the President of Bulgaria,
  15. Centre for Study on Democracy publications,
  16. Energy Management Institute assessment, php?id=679
  17. EuroActiv list of publications on Turk Stream, turkish-stream
  18. Eurostat Statistics Explained, index.php/Main_Page
  19. Eurostat Statistics Explained, Energy Prices Statistics, eurostat/statistics-explained/index.php/Energy_price_statistics
  20. HSBC Project Finance, Project Belene Presentation of the Operational Model (prepared for BEH), Sofia-London 2013, http://www.mi.government. bg/files/useruploads/files/vop/belleville_financial_modelling_presentation_ to_beh.pdf
  21. Institute for Regional and Institutional Studies publications on the topic of nuclear energy,
  22. Selection of publications describing the Belene saga, search.php?lang=en-us&q=Belene
  23. Институт за пазарна икономика, Какво да се прави с проекта АЕЦ «Белене». (Оценка на необходимостта, рисковете, разходите и въздействията) [What to do with NPP Belene: Assessment of Needs, Risks, Costs and Impacts], София, 28.03.2011, Assesment_WTD.pdf
  24. Нигматулин H., Правда об АЭС «Белене», "Pro-Atom", 12.02.2012, http:// ode=flat&order=1&thold=0
Cited by
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu