Bulgaria Lags in Absorbing EU Funds, Risking Losses and Growing Debt
Bulgaria is falling behind in its utilization of European Union funds
There is no risk to gas and oil supplies to Bulgaria in the event of a suspension of imports from Russia, Prime Minister Kiril Petkov announced from the rostrum of the National Assembly as part of “Parliamentary Control”, which was postponed from last Friday to Tuesday (March 8th). The prime minister said he had received assurances from Lukoil that they had the option of alternative supplies of non-Russian oil.
Bulgarian PM: The Bread for Bulgarians is Provided until 2023
“They guarantee that they also have a plan B if the supply of Russian oil is stopped, but so far the tankers are being unloaded and no supplies have been disrupted,” Petkov said in response to a question from Victoria Vasileva of “There Is Such a People”. “The shareholders behind Lukoil are largely from the Russian Federation, but it is itself owned by a Swiss company, so it is not subject to direct sanctions,” the prime minister added.
He claims that the Ministry of Energy is negotiating gas supplies through Greece, and that “in case of an emergency” Bulgaria may restrict electricity exports, but so far this is not necessary.
Martin Dimitrov of “Democratic Bulgaria” asked what steps the government intends to take to address the country's problems - outside international influence - in regulating fuel prices. Kiril Petkov replied that according to information from Lukoil, their wholesale prices are formed by the Swiss owner company. Therefore, the government requested data on how the company is doing its pricing in order to “find a way to have a smoother rise based on world markets.”
/Dnevnik
Follow Novinite.com on Twitter and Facebook
Write to us at editors@novinite.com
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
In 2024, Bulgaria’s electricity sector faced significant challenges, with a sharp decline in exports and a rise in domestic consumption
Businesses in Bulgaria remain on high alert, described as "code yellow," due to persistently high electricity prices
Azerbaijan has temporarily suspended natural gas supplies to Bulgaria
KazMunayGas, the state-owned oil company of Kazakhstan, is reportedly taking part in a tender to acquire the Bulgarian-based refinery of Russian oil giant Lukoil
Residents of Lovech region staged a second protest over the extended electricity crisis that disrupted their holidays
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability