We have agreed that there is no point in ending the derogation after seven days, because that could cause stress in the market," said Kiril Petkov, co-leader of the coalition "We Continue the Change - Democratic Bulgaria" (PP-DB), after the parliamentary groups of GERB-SDS, PP-DB and the Movement for Rights and Freedoms met to discuss GERB's proposal to cancel Lukoil's exemption from importing Russian oil immediately, rather than waiting until October next year, as Parliament had previously decided.
In the words of Kiril Petkov, instead of focusing on the immediate abolition of the exemption, they will focus on the collection of taxes owed by the refinery.
"If Lukoil makes its legal payments, fuel will be 73 cents cheaper per litre for the end consumer," Delyan Dobrev, a GERB MP and chairman of Parliament's energy committee, said today.
After years of preparation and research, actual drilling for oil and natural gas is starting in the Bulgarian part of the Black Sea. OMV Petrom, the largest energy producer in Southeast Europe, and NewMed Energy Balkan, a subsidiary..
The wheat harvest is 80% complete. With average yield of 586 kg per decare, almost 5.8 million tons of wheat have been harvested. Over 1 million tons of barley have been harvested with 95 percent of the areas harvested and over..
Democracy, the rule of law and respect for human rights are the pillars of Bulgarian diplomacy.This was what Prime Minister Rosen Zhelyazkov said at the ceremonial reception at the Boyana Residence on the occasion of the Day of the Bulgarian..
Bulgaria and six other EU member states have not signed a joint statement condemning Israel over the situation in Gaza. The statement was signed..
The U.S Department of State has made a determination approving a possible Foreign Military Sale to the Government of Bulgaria of Naval Strike..
According to forecasts by industry representatives, the introduction of the euro is expected to impact property prices in Bulgaria . Some predict price..
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