President Radev refers termination of concession for Rosenets oil port to Constitutional Court

President Rumen Radev has referred the termination of the concession for the Rosenets oil port terminal to the Constitutional Court, the press secretariat of the head of State said on August 4.

Decisions in the field of energy must always rest on the need for reliability and continuity of supply of raw materials and on guaranteeing affordable prices for citizens and industry. The price for hasty and ill-considered decisions is always paid from the pockets of those forced to bear their consequences," the President said.

The hasty adoption of legal amendments terminating the concession of the Rosenets port terminal not only contradicts the fundamental principle of the rule of law in the Constitution, but is also an example of irresponsible attitude towards the state and citizens. In adopting this radical approach, neither the interests of consumers and the risks of rising fuel and commodity prices, nor the potential threats to thousands of employees at the petrochemical plant, or the possible legal action against Bulgaria have been taken into account," the Head of State added.

The constitutional flaws of this law and the serious risks it poses to Bulgarian citizens are sufficient grounds for President Radev to refer to the Constitutional Court with a request to establish the unconstitutionality of the legal amendments.

Parliament conclusively adopted amendments to the law paving the way for termination of Lukoil concession for Oil Port “Rosenets”