Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

"Lukoil Neftohim Burgas" transfers its entire economic activity in Bulgaria

Photo: BGNES

As of January 1, 2023, "Lukoil Neftohim Burgas" will transfer its entire economic activity to Bulgaria, Deputy Prime Minister for Economic Policy and Minister of Transport and Communications Hristo Alexiev said at a press conference after talks with the company's management. 

According to him, this means that all production, all revenues and taxes will be paid in Bulgaria and not in the Netherlands and Switzerland, as was the case until now. 

Alexiev explained that the estimates show that after the implementation of the regulation on the taxation of excess profits, the revenues to the state budget this year will be about 51 million euros from Lukoil and next year - about 358 million euros. The additional tax revenues will be distributed to compensate socially vulnerable groups in Bulgaria.



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

Temenuzhka Petkova

Finance Minister to present Bulgaria's euro area readiness in Brussels

Bulgarian Finance Minister Temenuzhka Petkova will travel to Brussels to provide an update on Bulgaria’s progress towards euro area accession. The Finance Ministry has confirmed that Minister Petkova will participate in the Eurogroup meeting on 17..

published on 2/17/25 7:40 AM

Snow, rain and freezing temperatures

Minimum temperatures on Monday will be between minus 4 and 1°C. In Sofia it will be around minus 3°C. The mercury will hover between -3 and 0 °C in the north. Maximum temperatures in southern Bulgaria will be between 2 and 7°C. In the capital it will..

published on 2/16/25 7:05 PM

New Russian emigration in Bulgaria pays tribute to Alexei Navalny

The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It was organised by the movement "For a Free Russia" - an association of Russian immigrants in..

published on 2/16/25 5:39 PM