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.

 

 

Ignazden's first guest at the presidential institution is Viktor Orban, and I believe that a much better year awaits us both for relations between Bulgaria and Hungary, as well as for our peoples and Europe, the President said after his meeting with the Prime Minister of Hungary

During the talks, the Head of State stressed the key importance of ensuring the safe operation of the nuclear power plant, as well as providing Bulgarian companies, engineers and technical workers with the opportunity to participate in the activities related to the construction and operation of the new units

President Rumen Radev held a telephone conversation with NATO Secretary General Mark Rutte, who is visiting the Novo Selo training ground today to get acquainted with the activities of the Multinational Battle Group with Italy as the host country.

During the talks, Radev expressed hope that the state leadership of North Macedonia would proceed as soon as possible to include the Bulgarians in its constitution, which would also open the door for negotiations for the country's full membership in the European Union