Lorer says Lukoil crisis mishandled, urges clear strategy

Former Minister of Innovation Daniel Lorer criticized the handling of recent legislative changes regarding Lukoil, arguing that Bulgaria should have acted much earlier to address the company’s status. Lorer noted that countries like Germany and Italy introduced special administrators to manage similar situations and used gradual pressure to encourage a sale before external sanctions became an issue. He recalled that preparatory steps had been made during his time in government, despite significant resistance, and stressed that the problems with Lukoil are longstanding.

Lorer also contended that the current government has failed to communicate its intentions both to the public and within its own ranks, leaving key decisions to individual lawmakers rather than government leadership. He emphasized that, under the new amendments, the special manager will have the authority to sell Lukoil’s shares, pending approval from the Council of Ministers. Lorer argued that the current approach lacks transparency and coordination, which has led to rushed and confusing decisions.