Inflation Erodes Gains as Bulgarians Afford Only Two-Thirds of What Europeans Buy
Bulgarians’ purchasing power has improved over the past decade, but it still lags significantly behind the European average
A worried Boyko Borisov is seen sitting in Parliament during question time Friday. Photo by BGNES
EU anti-fraud office OLAF has stated it has no authority to investigate transactions on Bulgaria's mishappen Belene NPP, in reaction to Bulgarian PM Boyko Borisov's warning that he will refer the project to OLAF.
Borisov's intriguing statement came in the wake of news that Russian company Atomstroyexport, which was to build the NPP, had upped its claim against Bulgaria's withdrawing from the project.
Over the week, it was annouced that Atomstroyexport would sue Bulgaria for EUR 1 B at the International Court of Arbitration in Paris.
Borisov, his Minister of Finance Simeon Djankov and Minister of Economy and Energy Delyan Dobrev chose to be outraged at the move and pile threats on the Russian state company.
Borisov also said that he would refer the case to OLAF, since the Russian company had allegedly acted in breach of contract.
OLAF has however responded that it is not competent to review the case, since no EU funds are involved in it.
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The Bulgarian government has tightened security measures around Lukoil’s strategic facilities across the country
Bulgaria could face uncertainty in fuel supplies in the coming months, warned Radoslav Ribarski
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Police in Stara Zagora, Bulgaria, have uncovered an organized criminal group responsible for siphoning large amounts of fuel from a Lukoil pipeline located south of the city.
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