Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. BRM acquires Bulgarian Energy Trading Platform

BRM acquires Bulgarian Energy Trading Platform

January 9, 2025

The Romanian Commodity Exchange (BRM) has reached an agreement to acquire the Bulgarian Energy Trading Platform (BETP AD), in order to boost the neighboring country’s energy market and regional cooperation on natural gas trading, BRM announced.   According to the cited source, the transaction will bring significant benefits to Bulgaria and Romania by strengthening energy security, expanding trading opportunities and strengthening the role of both countries in the ever-changing energy landscape of Southeastern Europe.   “This strategic move underlines the commitment of BRM and BETP AD to the integration of regional energy markets, giving Bulgaria and Romania a stronger position in diversifying energy sources and reducing dependence on traditional suppliers. By adding BETP AD, a respected and well-established player in the Bulgarian natural gas trading sector, to the BRM family, the aim is to consolidate the regional energy market by increasing efficiency, transparency and cross-border collaboration,” the statement reads. BRM believes that regional relations are thus consolidated, as the partnership will strengthen collaboration between the energy markets of Bulgaria and Romania, ensuring better coordination of gas supply and demand and supporting Bulgaria’s strategic energy objectives.   It is also aimed at increasing the security of natural gas supply, the acquisition being “in line” with Bulgaria’s objective to diversify energy supply routes and sources, reduce dependence on gas imports from Russia and build a more secure and resilient energy system.   In addition, the integration of BRM’s expertise with BETP AD’s well-established local presence will improve the competitiveness, transparency and efficiency of the Bulgarian natural gas market, to the benefit of Bulgarian companies and consumers. The advantages for consumers and companies refer to the fact that this initiative ensures more secure and competitive access to energy, directly supporting Bulgaria’s economic growth and sustainability goals.   By expanding its activity in Bulgaria, BRM will work closely with local stakeholders to discover new opportunities for market participants and ensure organic integration. This acquisition highlights Bulgaria’s growing importance in the South-Eastern European energy market and strengthens its role in the energy transition in the region.   The Romanian Commodity Exchange has been a pioneer in the Romanian commodity trading market since 1993, offering innovative trading solutions in the natural gas, electricity and other markets.   The Bulgarian Energy Trading Platform was established with the aim of creating, developing and managing an organized, unitary, reliable and stable regional market for natural gas, contributing to increasing transparency and liquidity in the natural gas markets in the South-Eastern European region. Since 2021, BETP holds a license to carry out the activity of “organizing a natural gas trading market” in Bulgaria, valid for a period of 35 years.

The text of this article has been partially taken from the publication:
http://actmedia.eu/energy-and-environment/brm-acquires-bulgarian-energy-trading-platform/111758
Read in full - click here
Collective layoffs hit 4,350 in April in Romania

In April 2025, about 4,350 employees from 14 counties of Romania were left without a job following employers' decisions to carry out collective layoffs, according to data reported by the Territorial Labor Inspectorate for each county that responded to Ziarul Financiar. Most employees left without a job...

Romania's Antibiotice wins major UK public contract for injectable antibiotics

Romanian pharmaceutical producer Antibiotice Iași (BVB: ATB) announced that it secured its fifth consecutive contract with the United Kingdom's National Health Service (NHS), significantly increasing its presence in the British market for injectable beta-lactam antibiotics. The agreement involves the supply of seven million vials of five types of sterile injectable penicillins to UK hospitals over […]

Swiss VAT Group opens third global hub with new factory in Romania

Swiss-based VAT Group, a global leader in vacuum valve manufacturing, announced in a press release on June 5 that it inaugurated a new factory in Arad, western Romania, marking its third major operational hub worldwide. The new facility joins VAT's global network alongside its headquarters in Switzerland and a key unit in Malaysia. The new […]

Liberty Steel fires blast furnace in Romania but remains under mounting debt

Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions.  Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from […]

MSC Group places second bid to manage Romanian ailing shipyard Damen Mangalia

Major global shipping operator Mediterranean Shipping Company (MSC) Group has notified the Romanian government that it wants to take over the management of the Damen Mangalia shipyard, which has been under insolvency for the past year, according to Europa Libera Romania. The company reportedly paid in advance for...

French Vinci reportedly exploring acquisition of Romanian energy group EnergoBit

French infrastructure giant Vinci is reportedly interested in acquiring EnergoBit, one of Romania’s leading energy equipment and services companies, Ziarul Financiar reported on June 5. EnergoBit, based in Cluj-Napoca, is currently fully owned by its founders - Ștefan Gadola, Peter Pal,...