The definitive lift of the derogation for Russian oil from March 1, 2024 should not affect the Bulgarian market and lead to price increases, Bulgaria’s Minister of Finance Assen Vassilev told journalists in Blagoevgrad, the BTA reported. The reason for his comment was the agreement between GERB-SDS, We Continue the Change - Democratic Bulgaria and the Movement for Rights and Freedoms to cancel the derogation for Russian oil in two steps. The first step is the suspension of export quotas from January 1, 2024. The second step is the definitive abolition of the derogation from March 1, 2024. According to Assen Vassilev, Lukoil Neftohim Burgas' warning for forced shutdown of production is an attempt to instill fear. ‘'If there is non-Russian oil, it can safely be exported’', Assen Vassilev explained, as quoted by BNR-Horizont.
Atanas Zafirov has been elected interim chairman of the Bulgarian Socialist Party to replace the resigned leader Kornelia Ninova after the poor performance of the leftist party in the elections. The direct election of a permanent leader of the..
I have good news for the voters of "We Continue the Change" - "Democratic Bulgaria". Without our participation in the consultations GERB leader Boyko Borissov cannot become prime minister as he hoped before the elections. He will not be prime minister."..
Bulgaria's Caretaker Prime Minister Dimitar Glavchev will participate in the First Ukraine Peace Summit on 15-16 June in the Swiss resort of Bürgenstock near Lucerne. The forum, organised by Switzerland and Ukraine, is expected to set a..
After last night's storm, accompanied by hail and strong winds, several municipalities in Bulgaria suffered serious damages and..
Speaking in Stara Zagora at the Fourth National Convention of the Reserve Army, President Rumen Radev stressed the need for basic military training for..
Rainfall in Bulgaria so far has been below climate norms. Viktoria Kleshtanova, a weather analyst at the National Institute for Meteorology and Hydrology..
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