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.
Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the accelerated construction of transport Corridor 8. Romania has asked to join the construction..
Winds of up to 120 kms. per hour inflicted damage in Vratsa, the biggest town in Bulgaria’s Northwest. Dozens of reports have come in of fallen trees and branches onto vehicles and roads, damaged equipment and torn overhead cables. There were..
A cold front will pass through the country overnight and tomorrow from the northwest . Rain will fall in many places in the western regions and the Danube Plain, and will quickly turn to snow in the high fields of western Bulgaria and the Balkan Range...
According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a..
Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the..
77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a..
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