"Lukoil" transfers all its economic activity to Bulgaria

Business | November 21, 2022, Monday // 17:07
Bulgaria: "Lukoil" transfers all its economic activity to Bulgaria @Capital

"With the management of Lukoil, we have reached an agreement that from January 1, 2023, they will transfer all their economic activity to Bulgaria, that is, all production, all revenues and taxes will be paid in Bulgaria, and not, as was the case until now, in the Netherlands or Switzerland," said the transport Minister Hristo Alexiev. According to his words, according to estimates, revenues in the budget in the treasury from "Lukoil" in the amount of 100 million can be counted on. With these funds, the most vulnerable groups in the country will be compensated, added Hristo Alexiev.

He added that the 25-cent measure was not entirely fair, but it would continue.

"The agreement that was reached today opens the door for more taxes to enter the Bulgarian budget, as well as for taxation of excess profits", commented the Minister of Economy and Industry Nikola Stoyanov and emphasized that this will lead to a permanent solution to the problems with fuels and their prices.

The Chairman of the Board of Lukoil Neftohim Burgas Ilshat Sharafutdinov stated that it is necessary to change the business scheme in Bulgaria. He noted that today's agreement will significantly increase revenues in the Bulgarian budget, as well as jobs from 1,300 to 10,000.

"The state does not concede anything, but takes advantage of the given derogation for the import of crude oil. What we have agreed on means that all intermediaries in the chain will not be there," said Transport Minister Hristo Alexiev.

The Deputy Prime Minister for Economic Policies and Minister of Transport and Communications Hristo Alexiev, the Minister of Economy and Industry Nikola Stoyanov and the Deputy Minister of Finance Lyudmila Petkova held a meeting with the management of "Lukoil Bulgaria" and "Lukoil Neftohim Burgas" in the Council of Ministers.

On behalf of "Lukoil", the chairman of the Board of Directors of "Lukoil Neftohim Burgas" Ilshat Sharafutdinov, Andrey Matyukhov, general director of "Lukoil Bulgaria" and Alexander Velichkov, legal consultant of "Lukoil Bulgaria" took part in the talks.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

/BNT

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Lukoil, minister, Burgas, Bulgaria
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria