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

A Jewish organization raises funds to help the fire-damaged village of Voden

The regional organization of Jews in Bulgaria "Shalom" for the city of Varna has collected over BGN 3,000 at a charity auction of paintings by famous artists to help the residents of the village of Voden , Yambol region, reported BNR correspondent in..

published on 10/2/24 6:05 AM

Renovated Kalotina checkpoint on the border with Serbia starts work

The Kalotina border checkpoint on the border with Serbia has already been renovated and has a nearly 30% increased capacity for passenger cars. It has seven lanes each for entering and leaving the country, as well as another eight lanes that can be..

published on 10/1/24 7:45 PM

Wednesday and Thursday will be sunny

On Wednesday minimum temperatures will be between 2 and 12°C, 5°C in Sofia. Maximum temperatures will be 19-24°C, 21°C in the capital. In the higher plateaus of western Bulgaria there are conditions for frost. The day will be bright and sunny with light..

published on 10/1/24 7:05 PM