Bulgaria Tops Europe in Black Caviar Exports
Bulgaria has emerged as Europe’s top exporter of black caviar, according to Assoc. Prof. Violin Raykov from the Institute of Oceanology at the Bulgarian
Officials of the Commission for Protection of Competition (KZK) are conducting sudden inspections at the offices of Lukoil Bulgaria and Rompetrol Bulgaria on Wednesday
The inspections are conducted in cooperation with the police and are part of the investigation of suspected cartel agreement between seven fuel retailers and the Lukoil Neftochim oil refinery in Burgas.
KZK launched the investigation in February after conducting its latest sector analysis of the fuel market, which gave it grounds to investigate suspected abuse of dominant market position.
The analysis pointed that although retailers supply their stations with fuels not produced at the Lukoil refinery, they have identical price policy which does not differ to the prices at petrol stations run by Lukoil.
During the inspection, KZK has the right to seize all kind of written and other material evidence as well as means for the dissemination of information.
Apart from Lukoil and Rompetrol, the other retailers subject to investigation are Shell Bulgaria, Eco Bulgaria, OMV Bulgaria, Petrol and NIS Petrol.
In March, KZK carried out an inspection at the Bulgarian Petroleum and Gas Association.
Bulgaria has officially secured a 10 per cent stake in a consortium engaged in oil and gas exploration in the Black Sea, becoming a direct investor in the development of the country’s offshore energy resources.
Bulgargaz has submitted a proposal to the Energy and Water Regulatory Commission (EWRC) for a nearly 4 percent increase in natural gas prices starting February.
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
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