News

At a meeting at the Ministry of Economy and Industry, Minister Nikola Stoyanov and the Ambassador of the Islamic Republic of Iran to the Republic of Bulgaria H.E. Seyyed Mohammad Javad Rasouli discussed the opportunities for cooperation in the energy sector. The discussion was a continuation of the search for all opportunities to ensure the diversification of our country.

CACIAF have been alerted to a conflict of interest of Eli Spasova – Head of the Cabinet (until August 2022) of Deputy Prime Minister Ninova.
Bulgaria is one of the few countries that can get additional gas from Azerbaijan before the winter. As a matter of urgency a scheme has been developed, which has already been proposed and supported in principle by the Asian country, which envisages the implementation of a barter – electricity for blue fuel. This was announced by the Minister of Economy and Industry Nikola Stoyanov on the air of BNT. This week he visited Azerbaijan, where the scheme was proposed and discussed.

Intentionally or due to carelessness, during the previous management of the State Consolidation Company, documents have disappeared, because of which the state will probably lose BGN 75 million. The facts show that the previous executive director of the Company, Smilyana Nitova, tried to cover up the act.
This was announced at a press conference by the newly appointed management of the State Consolidation Company, which was attended by Atty. Ventsislav Dimitrov and Ivan Zagonchev.

New areas for strengthening trade and economic relations between Bulgaria and Azerbaijan are being explored. Today the Minister of Economy and Industry of the Republic of Bulgaria Nikola Stoyanov held meetings with the Minister of Economy Mikail Jabbarov and the Minister of Defence Industry Madat Guliyev in Baku.

The companies in the system of the Ministry of Economy and Industry have concluded contracts for legal services for more than BGN 400 000 with one particular law firm. This shows an inspection of the Ministry. Most of the contracts were signed between June and August, on the principle of direct negotiation, and many of them have serious clauses for early termination penalties.

Bulgarian exports to the United Arab Emirates are double the counter-imports. This was emphasized by the Minister of Economy and Industry Nikola Stoyanov at the opening of a business forum organized by the Abu Dhabi Chamber of Commerce. The event is part of the programme of the Bulgarian delegation led by President Rumen Radev, which includes government and business representatives. The forum was attended by 15 Bulgarian and 30 local companies.

The documents concerning the financial operations of Kintex to offshore areas to be immediately sent to the Prosecutor’s Office of the Republic of Bulgaria for alleged crime. This was ordered today by the Minister of Economy and Industry Nikola Stoyanov. It should be recalled that on 11.08.2022, the State Agency for National Security entered the arms company, and it was later confirmed that for 1 day about BGN 800 000 were paid to a company in Dubai.

The Inter-Ministerial Council on Defence Industry and Security of Supply of the Council of Ministers has not met for more than 100 days. The specialised body issues licences and registrations for defence-related product activities. The administrative blockage by the state has left dozens of companies unable to develop their activities, including the import of raw materials vital to their operations.

On the initiative of the Minister of Economy and Industry Nikola Stoyanov, seven working groups have been launched today, which include experts from the ministry, representatives of employers and trade unions, as well as the National Association of Municipalities. The aim is to identify a package of measures in all priority areas to be adopted by the institutions and to facilitate the work of economic operators.

The state is preparing measures to reduce fuel prices. This became clear at a joint briefing of Minister of Economy and Industry Nikola Stoyanov and Minister of Energy Rosen Hristov. Negotiations with representatives of the companies Lukoil Neftohim and Lukoil Bulgaria have been launched today and will continue in the coming days within the framework of an expert working group, the aim of which is to optimize as much as possible the production and logistics processes in order to reach the lowest possible price for end users.