It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy expert and former Deputy Minister of Energy Elenko Bozhkov and Ruslan Stefanov, Chief Economist of the Center for the Study of Democracy, during their interview for the BNR. According to Ruslan Stefanov, the company should be placed under special supervision. "The proceeds from the sale of the company should be frozen, as Bulgaria is part of the EU’s sanctions policy, and they should be used for the reconstruction of Ukraine and for covering future claims of Bulgaria against Russia, which has violated a series of agreements with Bulgaria", Ruslan Stefanov said.
At the end of 2023, Lukoil announced that it had begun reviewing its asset strategy in Bulgaria, including the possibility of selling its refinery there due to significant changes in operating conditions.
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all..
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