Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

On first reading 

Parliament adopts fast-track procedure to terminate Lukoil's concession for Rosenets port 

Rosenets
Photo: BGNES

In a heated debate with 134 votes in favour, the Parliament adopted at first reading legislative amendments that will allow the state to terminate the concession of the port of Rosenets to Lukoil Neftohim Burgas under the fast-track procedure. 45 were against and 14 abstained.

The termination of the concession is in line with EU restrictive measures in view of Russia's invasion of Ukraine, the bill's sponsors explained. The proposal was tabled by GERB-SDS, "We Continue the Change-Democratic Bulgaria" (PP-DB) and the Movement for Rights and Freedoms (MRF). According to them, the termination of the concession will stop Russia from using Bulgarian infrastructure to finance the war.

PP-DB MP Daniel Lorer said the termination of the concession is based on the EU-wide sanctions regime. The Bulgarian Socialist Party (BSP) and Vazrazhdane were opposed. 

"Are you aware of the amount we will have to pay if they (Lukoil Neftohim Burgas - ed.) bring a case against us?" asked Borislav Gutsanov of the BSP.

If finally adopted, the bill would allow the concession to be terminated within a week, BTA reports. The state signed a concession contract with Lukoil Neftohim Burgas in 2011. The concession is for a period of 35 years.



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

Ruja Ignatova with the co-founder of the multi-billion dollar cryptocurrency scheme
OneCoin Karl Sebastian Greenwood.

US announces $5m reward for information leading to arrest of notorious fugitive Ruja Ignatova

Bulgarian prosecutors and the FBI have worked together to uncover an embezzlement scheme involving Ruja Ignatova , acting Prosecutor-General Borislav Sarafov said. Ignatova will be tried in absentia. A procedure to confiscate her illegally acquired..

published on 6/26/24 4:09 PM
Georgi Gvozdeykov at the Green Transition Forum 4.0 in Sofia, June 26.

Bulgaria to get 35 new Stadler electric railcars by November 2026

A contractor has been selected to supply 35 electric railcars, Transport Minister Georgi Gvozdeykov announced at the Green Transition Forum 4.0 in Sofia. The trains will be purchased with funds from the Recovery and Resilience Plan, he said. The..

published on 6/26/24 3:15 PM
President Rumen Radev

Meetings with smallest political parties end consultations to form a cabinet with the president

An expert cabinet is the only possible option in a political crisis. This position was expressed by the chairman of the parliamentary group of ITN party Toshko Yordanov at the consultations with President Rumen Radev on forming a government. "The most..

published on 6/26/24 12:32 PM