The state has enough financial reserves for unforeseen expenses despite the deepening conflict in the Middle East, Minister of Finance Assen Vassilev has told BNR. He does not expect a shock rise of fuel prices but if it happened, there would be a reaction. "Most probably some kind of compensatory measures for the citizens will have to be introduced so that the price is not an excessive burden for them. However, this is an unlikely scenario at the moment," the minister added.
Speaking about the request of GERB and MRF that Bulgaria should stop importing Russian oil by the end of this year, which differs from the decision adopted in the National Assembly that the derogation for Lukoil should continue until October 2024, Assen Vassilev said that there were no guarantees whether the refinery in Burgas would be able to secure sufficient reliable supplies.
The Council of Ministers has proposed transferring vehicles from the National Security Service (NSO) to the Presidential Administration through a legislative change, Bulgaria National Radio reporter Tsvetelina Stoyanova reported. This would not put a..
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..
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 could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an..
On Friday, morning temperatures will range from 10 to 15°C, with 10°C in Sofia. Rain is expected in the western regions in the early hours. During the day,..
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