If the import of Russian oil in Bulgaria stops, the only oil refinery in the country will stop working, said the Chairman of the Management Board of Lukoil Neftohim Burgas Ilshat Sharafutdinov. According to him the facility could also process oil from other countries, but that would take time, BNR Burgas reported.
In the 1960s the Bulgarian refinery was located on the Black Sea to receive oil from Russian ports, Zhivodar Terziev of the Bulgarian Oil and Gas Association said in an interview with BNR. Shipping oil only through the Bosphorus posed risks, Terziev said.
For the Bulgarian companies, a possible embargo on Russian oil would be the biggest problem because in recent years they have relied on 80-90% of supplies through the Burgas refinery, Terziev said.
In its new World Economic Outlook report, the IMF has raised its forecasts for Bulgarian economic growth this year and next, compared to its estimates from April. At the same time, IMF expects increase in inflation, as well as a decrease in the..
The current year 2025 marks the 30 th anniversary of the Bulgarian Association of Information Technologies (BAIT). Speaking to BTA, the chair of BAIT, Irina Radoeva, said that the information technology industry is the fastest growing. More than..
The Ministry of Innovation and Growth is hosting a discussion on the topic "The Eurozone as part of the path to economic transformation". The press center of the ministry reports that the forum will be opened on Wednesday at 4 p.m. by Deputy Prime..
Education Minister Krasimir Valchev is set to propose a public debate on banning social media for children under 15, reports BNR correspondent Nezabravka..
An initiative committee led by the historian Georgi Markov, has proposed that a monument to Khan Asparuh, the founder of the Bulgarian state, be erected..
On Tuesday, minimum temperatures will range from 5 to 10°C , 7°C in Sofia. There will be significant cloud cover throughout the day, with light..
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