Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria's government and Lukoil take measuers to secure the fuel market

Photo: BGNES

Representatives of Bulgaria's caretaker cabinet and of Lukoil have identified measures to secure the fuel market in view of the ongoing oil embargo which the EU imposed on Russia. This was announced by the president of the Russian company, Vadim Vorobyov, during the meeting of the head of state, Rumen Radev, with representatives of Lukoil. 

"We see the future divided into three periods - the first is in December, when the embargo on Russian oil enters into force, the second - until the end of 2024, when the sanctions on the Bulgarian economy will begin to work, and the third is how the internal market will develop after 2024, considering Lukoil Neftohim Burgas", commented Vadim Vorobyov.

For his part, Bulgaria's President Rumen Radev emphasized that the Russian company was an important part of Bulgaria's economy, one of the main employers and a major producer of fuels with a predominant market share. 

"High fuel prices are among the leading reasons for the increase in the price of all goods and services and lead to a contraction in consumption, therefore I believe that your upcoming meeting with the government is a good opportunity, strictly following market mechanisms, to identify measures to stabilize the economic environment and to fight inflation for the benefit of the Bulgarian consumers", said the president.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Prosecutor’s office is investigating Romanian citizens for illegal migrant trafficking

The Sofia City Prosecutor’s Office has initiated pre-trial proceedings regarding an organized criminal group for the trafficking of migrants, the prosecutor’s office has announced. Evidence was collected during the investigation regarding 16..

published on 11/25/24 2:51 PM
Chief Inspector Zornitsa Shumanova (L)

Domestic violence figures have been growing steadily

The number of crimes committed in the conditions of domestic violence has gone up by 54% since the beginning of the year compared to last year, the Ministry of Interior announced on International Day for the Elimination of Violence against Women. A..

published on 11/25/24 2:36 PM
Sofia

Use of solid fuels will be banned in 9 Sofia regions

As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine Sofia regions, Deputy Mayor of Sofia Nadezhda Bobcheva announced at the opening of a round table..

published on 11/25/24 2:11 PM