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Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC). The move comes ahead of the previously set deadline of April 29, giving the country additional time under the current arrangement.
The extension is formalized through a license issued by OFAC, which permits specific transactions involving certain Lukoil-linked entities operating within Bulgaria. The government confirmed that the measure ensures continuity in operations under the existing framework.
According to official information, the decision follows recent diplomatic contacts between Sofia and Washington. It comes shortly after a conversation held on April 9 between Prime Minister Andrey Gyurov and US Secretary of State Marco Rubio.
Authorities emphasized that the waiver remains essential for maintaining stability, with the license allowing “transactions involving certain legal entities of Lukoil in Bulgaria” to continue under regulated conditions.
Healthcare costs in Bulgaria are rising at a significantly faster pace than overall inflation, with price growth in the sector in 2026 roughly twice the national average compared to 2025
Around half a million Bulgarians chose to spend Easter inside the country, while roughly 120,000 traveled abroad
Acting Energy Minister Traycho Traykov said Bulgaria should not tap into its 90-day fuel reserves to ease prices, stressing that they must remain a safeguard in case of an actual supply disruption
Annual inflation in Bulgaria accelerated in March to 4.1% on a yearly basis, up from 3.3% in February, according to National Statistical Institute data
Wednesday, April 15 will bring mostly calm spring weather across Bulgaria, with sunshine dominating large parts of the country
Political analysts suggest that the outcome of Hungary’s recent elections could resonate in Bulgaria ahead of its own vote, potentially shaping voter behavior and political positioning
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
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