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

Bulgaria's government and Lukoil take measuers to secure the fuel market

Photo: BGNES

Representatives of Bulgaria's caretaker cabinet and of Lukoil have identified measures to secure the fuel market in view of the ongoing oil embargo which the EU imposed on Russia. This was announced by the president of the Russian company, Vadim Vorobyov, during the meeting of the head of state, Rumen Radev, with representatives of Lukoil. 

"We see the future divided into three periods - the first is in December, when the embargo on Russian oil enters into force, the second - until the end of 2024, when the sanctions on the Bulgarian economy will begin to work, and the third is how the internal market will develop after 2024, considering Lukoil Neftohim Burgas", commented Vadim Vorobyov.

For his part, Bulgaria's President Rumen Radev emphasized that the Russian company was an important part of Bulgaria's economy, one of the main employers and a major producer of fuels with a predominant market share. 

"High fuel prices are among the leading reasons for the increase in the price of all goods and services and lead to a contraction in consumption, therefore I believe that your upcoming meeting with the government is a good opportunity, strictly following market mechanisms, to identify measures to stabilize the economic environment and to fight inflation for the benefit of the Bulgarian consumers", said the president.



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

MEPs discuss the nationalist violence in front of the Ivan Vazov National Theatre in Sofia

The clashes outside the Ivan Vazov National Theatre during the opening night of John Malkovich's production of Bernard Shaw's Arms and the Man have prompted 247 theatre organisations from 39 countries to appeal to the institutions of the European Union...

published on 12/2/24 2:27 PM

President launches 22nd edition of "Bulgarian Christmas" charity campaign

President Rumen Radev announced in Dobrich the launch of the 22nd edition of the "Bulgarian Christmas" charity campaign.  The theme of the campaign is "Giving Hope to a Child in Need".  The aim is to raise money for high-tech equipment for early..

published on 12/2/24 1:34 PM
Caretaker Premier Dimitar Glavchev

Premier Glavchev is concerned about the adoption of the budget due to the blocked parliament

''The Eurozone remains a priority, but the caretaker cabinet expects the 51st Parliament to begin its work in order to discuss the state budget'', said caretaker Premier Dimitar Glavchev.  ''Who would have thought that we could get into this situation?..

published on 12/2/24 11:32 AM