Following a decision of Bulgaria’s National Assembly, the state will be able to take control over the oil refinery in Burgas if necessary. The Minister of Economy, at the proposal of an advisory council, may temporarily appoint a special commercial manager. He will take over the management if EU provisions are infringed, there is a threat to national security, there is a risk to the supply of critical resources, or when distortion of competition occurs.
Vazrazhdane was the only party that voted against. It called the National Assembly’s decision “an anti-market nationalisation”. "There is no nationalisation, because no property is being taken away", MP Martin Dimitrov from “Democratic Bulgaria” coalition said in return.
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..
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..
The Festival of Elena Dry-Cured Ham which will take place from October 24 to 26 in the town of Elena, offers a rich folklore program, competitions, demonstrations and tastings, the organizers from the Municipality of Elena and the Local Tourism Council..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian..
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