Bulgarian Parliament Overturns Radev’s Veto on Lukoil Asset Bill
Photo: Bulgarian President Rumen Radev at the Budapest Demographic Summit 2023. Budapest, Central Europe. Date: 14 September 2023, 11:57 Source: Own work Author: Elekes Andor Licensing: This image is licensed under the Creative Commons Attribution-Share Alike 4.0 International license.
Bulgaria’s parliament has voted by majority to overturn President Rumen Radev’s veto on a bill regulating the possible sale of Lukoil’s assets in the country, Orda.kz reports, citing Bntnews.
Radev had previously vetoed the legislation, which was passed by parliament in late October. The law requires that any transactions involving Lukoil’s Bulgarian assets be carried out only under the supervision of the State Agency for National Security (SANS) and with approval from the Council of Ministers.
The president argued that the provision placed the government in a position of dependence on the security service, which he said contradicts the constitution.
With the veto now overridden, the restrictions take effect immediately.
Lawmakers backing the bill say the measures aim to prevent the resale of Russian-owned enterprises in violation of international sanctions.
Latest news
- Kazakhstan Tightens Rules on Bank Loans to Related Parties
- Kyrgyz MP Reports Attacks on Kyrgyz Cars in Kazakhstan
- AI to Be Used to Monitor Methane Leaks in Kazakhstan
- Nuclear Power Could Cost Kazakhstanis Up to $0.19 per kWh, Expert Says
- Tokayev Criticizes Selective Use of the UN Charter
- Kazakhstan Plans to Print National ID Numbers on Pharmacy and Clinic Receipts
- Tokayev Says Snow Leopard Numbers in Kazakhstan Have Recovered
- Illusion of Stability: Expert Says Housing in Kazakhstan Could Rise in Price by Fall
- Maslikhat Deputies in Kazakhstan May Receive Expanded Powers
- Minister Confirms Threat to Kazakh Oil Transit Through Russia
- Astana Akimat Gives More Precise Timeline for LRT Launch
- Flood Washes Out Crossing in West Kazakhstan Region, Forcing Villagers to Take Longer Route
- Eco-Activist Shows Steppe Near Aktau Turned Into a Dump
- Direct Highway Between Kazakhstan and Mongolia Under Discussion
- Russia May Halt Kazakh Oil Transit to Europe From May 1
- ERG Cuts Cobalt Output in Congo After Export Restrictions
- Why Foreign Investors Complain About Kazakhstan
- Analysts Warn That Rising Costs Are Eating Into Kazakhstanis’ Incomes
- Miners in Kazakhstan May Receive Lifetime Payments
- Kostanay Farmers Again Demand Permission to Shoot Saigas in the Fields
