Government Formation Talks Stalled in Bulgaria as Political Leaders Clash
Talks are ongoing regarding the formation of a government, confirmed GERB leader Boyko Borissov
Finance Minister Asen Vassilev affirmed Bulgaria's stance on any potential sale of Lukoil, emphasizing that if such a sale were to occur, it must involve a transparent and strategic investor. Vassilev's comments, made to Nova TV, were in response to reports indicating Lukoil's contemplation of selling its Bulgarian business. Expressing government disapproval, Vassilev adamantly rejected the possibility of selling such a crucial asset to an offshore entity, underscoring his commitment to prevent any deceitful transactions while involved in the process. Highlighting Lukoil's substantial tax contributions of around 200 million euros in 2023, Vassilev stressed the importance of a legitimate sale.
Echoing these sentiments, Prime Minister Nikolai Denkov, speaking on bTV, acknowledged the potential for alternative solutions regarding Lukoil's sale. However, Denkov emphasized the necessity for a mechanism that prevents any fictitious sale to an offshore company that lacks the capacity to ensure the operational continuity of the Burgas refinery.
Bulgaria may halt the transit of Russian gas to Serbia via the TurkStream pipeline starting in the new year if Gazprom fails to ensure payment compliance with U.S. sanctions against Gazprombank
Oil prices increased in early Asian trading this morning after the fall of Syrian President Bashar al-Assad introduced greater uncertainty in the Middle East.
The price of natural gas in Bulgaria is expected to rise by nearly 11% in December, reaching 76 leva per megawatt-hour before taxes and additional charges
The resignations pose a serious risk of prolonged power outages in ten regions just before the holiday season
The European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 50 million euros for Tenevo Solar Technologies EAD to build and operate a solar photovoltaic plant in southeastern Bulgaria
The owner of the Burgas-based oil refinery, Lukoil Neftohim, through its parent company Litasco
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023