Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Prime Minister Petkov: No Russian investors in Gemcorp

Kiril Petkov
Photo: BGNES

An in-depth review has been appointed for 5 years back of the Gemcorp consortium with which the government signed a letter of intent for investments in the energy sector in the amount of 1 billion dollars, Prime Minister Kiril Petkov said in the National Assembly. 
"When we signed this letter of intent on their part, we checked whether they had Russian investors and at that time there were none," he explained. In his words, the document is not binding. The prime minister assured that even if there was the slightest doubt, no contract would be signed.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Vasil Levski Airport in Sofia

Regular flights from Sofia to the US expected from spring 2026

The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister Grozdan Karadzhov said during the national discussion “Tourism and Air Connectivity: Traditional..

published on 10/24/25 1:45 PM

The sale of Lukoil’s assets in Bulgaria will take place only after a decision by the Council of Ministers and approval from DANS

Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..

published on 10/24/25 12:04 PM

Priеmier Zhelyazkov convenes a meeting with ministers in connection with the sanctions on Lukoil

Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..

published on 10/24/25 8:57 AM