Simon Harris Makes History as Ireland's Youngest Prime Minister
In a historic turn of events, Simon Harris has been appointed as Ireland's youngest-ever prime minister, following a parliamentary vote on Monday
Two of Bulgaria's three electric power utilities – the German E.ON and the Czech CEZ voiced Tuesday their utter surprise from media reports about the audit of Bulgaria's State Commission for Energy and Water Regulation (DKEVR).
In a letter to the media, both companies state it is unacceptable for DKEVR to make comments on a report that is neither official not has it been sent to the utilities.
E.ON point out, the DKEVR Head, Angel Semerdzhiev, made the commitment to sent them the results of the audit before it becomes subject to public discussion, but failed to fulfill his promises. They decline further comments until they receive the report.
The auditors have established three types of violations – suspicious accounting practices in reporting expenses, unsuitable expenses, especially for consulting services, and export of services, according to the DKEVR Head.
Regarding their accounting practices, CEZ stress in the letter they comply with international accounting standards and their books have been audited by the highly-professional company Earnst & Young.
As far as consultants' pay and outsourcing services, CEZ point out their sole goal had been to optimize processes, adhere to requirements for unbundling, and at the end improve customer service.
“All activities of CEZ are transparent and legal,” the letter concludes.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022