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.
Bulgaria has until 21 November to decide how to proceed with the Lukoil Neftochim refinery, Prime Minister Rosen Zhelyazkov said on Thursday ahead of a meeting of EU leaders in Brussels. He was apparently referring to the end of a US Treasury..
The Bulgaria army will make up for the lack of personnel but not immediately. For 2025, we have money to hire only 1,000 new soldiers, said Defense Minister Atanas Zapryanov before the relevant parliamentary committee. The committee supported the..
Bulgaria remains a net exporter of electricity and one of the pillars of the energy system in Southeast Europe. Electricity exports exceed imports by 3.1% in 2024. According to this indicator, the country ranks 11th in Europe. Among the..
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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