“The petrol stations the state is planning to construct will not be built with money from the budget,” said Minister of Economy Emil Karanikolov in an interview for bTV.
He added that they will not be financed by the future State Oil Company but, instead, by a commercial company which cannot be state-subsidized. The company will makes use of loans and own funds. Negotiations are underway to attract strategic investors from abroad to build the petrol stations and electric car charging stations.
According to the government’s stated intentions the purpose of the state-owned chain of petrol stations is to improve competition on the market and offer the public and businesses the lowest prices possible.
Bulgaria’s coalition parties have agreed to introduce a rotating chairmanship of the National Assembly. At today’s joint governance council meeting, members also discussed next year’s draft budget. Kostadin Angelov, Deputy Chairman of..
Google has donated an additional $1 million to the Institute for Artificial Intelligence and Computer Technologies (INSAIT) at Sofia University , bringing its total investment in the institute to over $6 million. According to the institute’s website,..
The Bulgarian government and the German defence group Rheinmetall have signed an agreement in Sofia to build a gunpowder and 155 mm artillery shell factory at the state-owned Vazov Machine Building Works (VMZ) in Sopot. The deal was signed by..
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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