President Rumen Radev has referred the "overhasty" termination of Lukoil’s concession of Port Rosenets to the Constitutional Court, the presidential press centre has announced.
“The way the legislative changes for terminating the concession of Port Rosenets were made - at lightning speed – is contrary to the principle of rule of law which underlies the Constitution, it is also an example of an irresponsible attitude to the state and to citizens,” the press release reads.
According to Rumen Radev, the decision fails to comply with the interests of consumers and the risks of a rise in fuel and commodity prices, nor does it take into account the potential threats to the thousands of jobs in the petrochemical plant, or possible legal action against Bulgaria.
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July..
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European..
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