President Rumen Radev has vetoed the legislative amendments related to the appointment of a special commercial administrator in the Lukoil refinery in Burgas. The head of state said that the amendments undermine the legal order in the country, contradict basic European legal norms and pose a high risk to public finances. He recalled that the issue of the special commercial manager was regulated by law two years ago with guarantees against possible abuses, in order to minimize the risk of future financial claims against the state. With changes to the law approved on Friday, these guarantees are no longer provided, Radev pointed out.
According to him, the amendments also introduce a number of new provisions: the special manager will be able to control shares of the affected enterprises without any restrictions and will be able to sell their property, while the contracts and the acts of state bodies will be outside administrative and judicial control. The changes to the law in practice provide for indirect nationalization of the assets of the affected enterprises and the possibility of their subsequent transfer to an unspecified circle of third parties. In this way, the door is wide open for arbitrariness and abuse, Radev says.
Editor: Miglena Ivanova
Publication: Al. Markov
Photo: BGNES
It’s official—Bulgaria is now the 21st country in the eurozone. From 1 January 2026, the euro will become the legal tender, although levs will still be accepted for another month. Bulgaria becomes the 21st member of the Eurozone “I think..
"What we have let slip, we have let slip over the last 20 years, not yesterday or the day before." This was stated to the Bulgarian National Radio by Ivaylo Valchev, MEP from the European Conservatives and Reformists (ECR), before today's vote in..
At the end of last week, we witnessed the third consecutive failed vote of no confidence against the government of Prime Minister Rosen Zhelyazkov. This time, the motion was initiated by Vazrazhdane (Revival), the third largest parliamentary political..
Partly Cloudy
Mostly Cloudy