NEWS

 

 

High fuel prices lead to hikes in all commodities prices and a contraction in consumption and both consumers and producers lose, the Head of State said

 

It is necessary to identify measures to stabilise the economic environment and to combat inflation in favour of the Bulgarian consumer, strictly following market mechanisms. This is what President Rumen Radev said at a 2 Dondukov working meeting with officials from the energy company Lukoil. During the talks, the possibilities for curbing inflation and for a more predictable economic environment were discussed.

 

High fuel prices are among the leading reasons for the endearment of all goods and lead to a contraction in consumption, which is a loss not only for consumers but also for the producer, the Head of State said. Radev added that the economy and inflation depend to a large extent on the value of fuel production, which also sets Lukoil's strategic importance for this country, especially during crises.  The President highlighted the company's important role as a major fuel producer, holding a dominant market share in Bulgaria. He added that the upcoming Lukoil management meeting with the Bulgarian government is a good opportunity to identify effective solutions to combat inflation in the country.

 

Lukoil President Vadim Vorobyev said that in recent days, representatives of the Bulgarian government and the company have discussed possible actions to stabilise the economic environment and to stifle inflation.

 

 

Rumen Radev received representatives of leading Japanese companies who are visiting Bulgaria as a result of the strategic partnership established during the Bulgarian President's visit to Japan

The Head of State holds a meeting with the ambassadors of the EU member states within the framework of the Polish presidency of the union

Ensuring Bulgaria's prosperity and security requires our country to play an active role in the alliances and multinational formats in which it participates, to develop good neighbourly relations, and for the political class to be able to create adequate long-term strategies in various areas. This was stated by President Rumen Radev in the closing part of the second day of the Green Transition forum, which is being held in our country for the fifth year.

The Head of State holds a meeting with Ljupcho Georgievski, chairman of the Bulgarian Cultural Centre "Ivan Mihaylov" in Bitola, which was abolished by the authorities in the Republic of Macedonia