NEWS

President Rumen Radev discussed at a meeting with energy company Lukoil, stabilising the economic environment and combating inflation

2022-09-08 15:25:00
 
 
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.
 
 

MORE FROM NEWS

Head of State: The True Value of the Three Seas Initiative Lies in the Level of Ambition for the Future of Our Region and Europe

29 April 2025 | 17:05
The President addresses the participants in the business forum accompanying the regional initiative

Rumen Radev: Bulgaria and Croatia Share Responsibility for the European Perspective of the Western Balkans

29 April 2025 | 17:05
President discusses energy diversification in Southeast Europe with US Energy Secretary Chris Wright

Rumen Radev: Only an Economically Strong and Socially Stable EU Can Guarantee Its Security

29 April 2025 | 16:04
Over the past 10 years and against the backdrop of recent crises in Europe, the Three Seas Initiative has proven its relevance in promoting reliable connectivity, the president says in Warsaw

Improving Connectivity between Bulgaria and Romania as a Factor for Promoting Economic Exchanges in the Region Was Discussed by President Rumen Radev and Acting President of Romania Ilie Bolojan

29 April 2025 | 15:03
The two also discussed the possibility of strengthening the bilateral partnership in energy and underlined the importance of the Vertical Gas Corridor for energy diversification in South-East Europe

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links