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Turkeys voting for Christmas: who votes for the end of oil derogation in Bulgaria?

In the multi-season series “Bulgarian politicians against the Lukoil oil refinery in Burgas,” an interesting plot twist has emerged. It turned out that the INSA Oil company, which is associated with the main opponent of the refinery, Bulgarian MP Delyan Peevski, is actively increasing the supply of petroleum products from Russia throughout 2023. Under Pressure […]

Bulgaria competition watchdog fines Lukoil 67 8M leva for abuse of dominant position

Bulgaria competition watchdog fines Lukoil 67 8M leva for abuse of dominant position
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Bulgaria s Astra Finance gets antitrust nod to buy Oiltanking arm

Bulgaria’s competition regulator said on Monday that it has authorised local Astra-Finance’s planned acquisition of majority control over Oiltanking Bulgar

Is Neftochim s nationalization more attractive for Bulgaria than billions coming from Brussels?

Instead of passing the necessary package of laws to receive EU funds under the Recovery and Sustainable Development Plan, the People’s Assembly of Bulgaria (the country s parliament) urgently passed three laws that create conditions for the decapitalization of a successful private enterprise and its transfer to state control. Bulgarians are well aware of this scheme: […]

Bulgarian regulator finds Lukoil s local arm in breach of competition rules

Lukoil Bulgaria, a subsidiary of Lukoil European Holdings, the European arm of Russian petroleum company Lukoil, has been unlawfully applying a price squee

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