Over 3,200 Euro Law Inspections in Bulgaria Reveal Less Than 10% Violations
Bulgaria’s National Revenue Agency (NRA) has carried out more than 3,200 inspections under the Euro Law, with detected violations remaining below 10 percent
The Commission for Protection of Competition (KZK) carried on Tuesday out a sudden inspection of the Bulgarian Petroleum and Gas Association based in Sofia.
The association is a non-governmental organisation protecting the interests of producers, distributors and retailers of oil and gas products.
The inspection, which was conducted jointly with the police, is part of KZK's investigation into a suspected cartel agreement between fuel retailers in Bulgaria.
During the inspection, KZK has the right to seize all written and other material evidence as well as means for dissemination of information.
The investigation was launched in February after KZK had conducted its latest analysis of the fuel market, giving it grounds to probe into a suspected cartel agreement between fuel retailers.
Seven fuel retailers - Lukoil Bulgaria, Shell Bulgaria, Rompetrol Bulgaria, Eco Bulgaria, OMV Bulgaria, Petrol and NIS Petrol as well as the Lukoil Neftochim oil refinery in Burgas are being investigated for abuse of dominant market position.
Energy Minister Zhecho Stankov has firmly rejected claims by former Finance Minister Asen Vassilev from "We Continue the Change" that Bulgaria’s inflation is driven by high household electricity prices
The U.S. Department of State, the University of National and World Economy (UNWE), and Bulgarian Energy Holding (BEH) yesterday concluded two seminars on stakeholder engagement and industrial applications of small modular reactors (SMRs)
Washington has prolonged the validity of a US license allowing negotiations for the sale of foreign assets owned by the Russian oil major Lukoil, extending it until February 28
Bulgaria is set to take an active role in oil and gas exploration in the Black Sea, joining forces with international energy companies OMV and NewMed, outgoing Energy Minister Zhecho Stankov announced
American energy companies Chevron and Quantum Capital Group are reportedly preparing a USD22 billion bid to acquire the sanctioned Russian oil giant Lukoil
The first shipment of liquefied natural gas from the United States intended for Bulgaria in 2026 has already reached the LNG terminal in Alexandroupolis
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