MPs override President's veto on changes to Investment Promotion Act

The majority in parliament overcame the president's veto on the Investment Promotion Act. The bill was passed in second reading on October 24, but President Rumen Radev vetoed parts of it, arguing that the proposed rules specifically target Lukoil, which violates the principle of equal treatment.

The newly adopted changes stipulate that the sale of assets of the Russian oil company Lukoil in Bulgaria will only take place after a decision by the Council of Ministers and a positive opinion from the State Agency for National Security, BTA reports. During the debate, Iskra Mihaylova from Vazrazhdane drew attention to the increased role of the SANS in the process, warning that the agency's decisions could be influenced by political pressure instead of ensuring national security.