Following a decision of Bulgaria’s Parliament, excess profits earned from fuels produced with cheaper Russian oil will be subject to taxation. Consumers are to receive the price margin between the cheap Russian Urals crude, processed by Lukoil Neftohim oil refinery in Burgas, and the fuel sold at a price similar to the price of fuel produced with Brent crude (which is more expensive).
"Lukoil will give 70% of the price margin between the two types of crude (Urals and Brent) to the Electricity System Security Fund. Later, the funds will be used to compensate transport users. The financial assistance will be based on social criteria.
On Saturday the lowest temperatures will range from 8°C to 13°C, for Sofia 10°C. There will be fog in the valleys in the morning. It will be sunny during the day. Clouds will form over the mountains in the afternoon hours with a chance of..
"I hope that the politicians in North Macedonia have understood that the election campaign is over and if their destructive rhetoric and behaviour turns into real actions, it means pushing their country towards isolation and away from the EU, which is..
The National Assembly will hold an extraordinary sitting at 1 pm on May 21, the Parliament’s presiding body decided. MPs will hear caretaker Premier Dimitar Glavchev regarding the upcoming increase in pensions from July 1. The request for the..
Household electricity prices could go up by less than 30% as of 1 July, 2024, Energy Minister Vladimir Malinov announced at a briefing at the Ministry..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural..
The Constitutional Court has rejected the request by President Rumen Radev to rule that the termination of Lukoil’s concession of oil port Rosenets is..
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