The European Commission will afford Bulgaria an opportunity to continue with the Russian oil deliveries but, at the same time, ways will be sought to diversify imports.
In the words of Deputy Prime Minister and Minister of Finance Assen Vassilev, the Bulgarian economy can hold out for up to 6 months if Russia halts the oil, and if the Bosphorus is closed. During question time in parliament, he pointed out there existed buffers in the budget which can be used for a swift reaction in the event of such a scenario. According to Assen Vassilev, it is in Bulgaria’s national interest that the country obtain a derogation from the oil sanctions on the one hand, and on the other, that it gradually diversify oil suppliers. The construction is envisaged of a motorway, railway and oil pipelines Alexandroupolis-Burgas-Varna-Constanța. As to the company Luikoil Neftohim, Assen Vassilev stated it cannot be nationalized as, legally it is not Russian, but Swiss and is not on the sanctions list.
On Friday, minimum temperatures will range from 2° to 7°C , reaching up to 10°C along the Black Sea coast. In the valleys, temperatures may drop below 0°C, while in Sofia it will be around 2°C. In the morning, fog or low cloud is possible in some lowland..
In the Ukrainian city of Izmail, the refurbished monument to revolutionary poet Hristo Botev was officially unveiled today , even as air raid sirens sounded across the city, BTA reported. The ceremony, which was held as part of the Day of the..
The government's political goal is for Bulgaria to become a full member of the Organisation for Economic Cooperation and Development by the end of 2026, Deputy Prime Minister Grozdan Karadzhov told representatives of British businesses in Bulgaria...
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
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