Under the Christmas tree: Bulgaria has withdrawn its mega-tax on Russian gas transit

HUNGARY - In Brief 23 Dec 2023 by Istvan Racz
In our monthly report, published yesterday, we reported about the Bulgarian €10/Mwh tax on the transit of Russian gas towards Serbia, North Macedonia and Hungary as a standing and unsolved issue, with a significant damage potential. However, the news has come since then that the tax is now withdrawn, and this measure has already taken effect, with its communication in Bulgaria's official gazette. Hungary's foreign minister Mr. Szíjjártó reacted to the news that in this case, he will instruct Hungary's permanent representative in Brussels to withdraw Hungary's veto on Bulgaria's immediate entry to the Schengen zone. Evidently, highly principle-based decisions on both sides, but the outcome appears to be very positive, and eventually that is what counts. A Merry Christmas & Happy Holidays to all Readers!

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