Business » Energy

EVN Snaps Up Bulgaria Units on Bourse, Govt under Fire

Austria's EVN AG have acquired more than 97% in the capital of its two units in Bulgaria right after the trade with their shares started on the local stock exchange. The company is expected to increase even further its stake.

Business » Energy | December 23, 2011, Friday // 15:58 | Viewed: 1376

Up to 15% of Bulgarian Energy Holding May Be Sold on Stock Market

Traicho Traikov, Minister of Economy, Energy and Tourism, has said that the state may float a10-15% share of the Bulgarian Energy Holding (BEH), on the stock market.

Business » Energy | December 22, 2011, Thursday // 18:22 | Viewed: 1468

Ex Deputy Energy Minister Appointed Head of Nabucco Bulgaria

Mariy Kosev, former Deputy Minister of Economy, Energy and Tourism, has been appointed Managing Director of Nabucco Bulgaria, Nabucco Gas Pipeline International GmbH said in a statement.

Business » Energy | December 22, 2011, Thursday // 14:04 | Viewed: 1485

Ukraine Still Hopes for Gas Consortium with EU, Russia

Ukraine still wants to create a trilateral gas consortium with the EU and Russia to manage its gas transportation system, Ukrainian President Viktor Yanukovych said on Wednesday.

Business » Energy | December 21, 2011, Wednesday // 18:19 | Viewed: 1239

EVN Bulgaria Unit Snapped Up on Bourse, BGN 93 M Raised

Bulgaria has sold almost all of its 33% stakes in Austria's EVN unit in the country right after the trade with its shares on the local stock exchange started on December 21, data from the bourse shows.

Business » Energy | December 21, 2011, Wednesday // 13:04 | Viewed: 1724

Bulgaria's Sole Nuclear Plant Sets Production Record

Bulgaria's sole Nuclear Power Plant, Kozloduy, set a record Tuesday with its two working units (Unit 5 and Unit 6), producing the highest quantity of electricity in their history.

Business » Energy | December 21, 2011, Wednesday // 09:13 | Viewed: 1946

Bulgaria Launches EVN Unit Sales on Bourse

The trade with shares from the Bulgarian government's 33% minority stake in the local unit of Austria's EVN AG started early on December 21.

Business » Energy | December 21, 2011, Wednesday // 08:30 | Viewed: 760

EC Advises Members to Be Cautious with Shale Gas - Bulgarian Ministry

The European Commission has allowed Bulgaria to require a favorable environmental impact assessment before exploring for shale gas, announced the Bulgarian Ministry of Environment Tuesday.

Business » Energy | December 20, 2011, Tuesday // 20:40 | Viewed: 2080

Gazprom Sets Foot on Bulgaria Retail Fuel Market

Russian energy giant Gazprom has acquired a license from the Bulgarian government to purchase 7 filling stations in the country.

Business » Energy | December 20, 2011, Tuesday // 17:21 | Viewed: 1369

Bulgaria to Increase Capacity of Its Kozloduy NPP by 60 MW

The capacity of Bulgaria's sole nuclear power plant, Kozloduy, will be increased by 60 MW as its generators will be replaced, it was announced on Tuesday.

Business » Energy | December 20, 2011, Tuesday // 11:01 | Viewed: 1462

Melrose Unveils Exploration Plans in Bulgaria for 2012

Edinburgh-based oil and gas explorer Melrose Resources announced it is to spend USD 37 M on exploration wells in Bulgaria and Egypt and a seismic project in Romania.

Business » Energy | December 16, 2011, Friday // 18:25 | Viewed: 2425

Greece Ready to Renegotiate Terms of BA Pipeline to See it Built

Greece is ready to renegotiate the terms for the implementation of the Burgas-Alexandroupolis project in order to see the oil pipeline completed, according to Greek Minister of Environment, Energy and Climate Change George Papakonstantinou.

Business » Energy | December 16, 2011, Friday // 15:21 | Viewed: 2844

EVN Likely to Snap up Bulgaria Unit on Bourse - Analysts

Austria's EVN AG may snap up the government's 33% minority stake in its Bulgaria unit right after the trade with its shares on the local stock exchange start on December 21, analysts expect.

Business » Energy | December 15, 2011, Thursday // 19:28 | Viewed: 1339

Departing E.ON Made Profit, Under-Investment in Bulgaria - Watchdog

Power distributor E.ON is leaving Bulgaria at a profit and an unfulfilled investment program, said Angel Semerdzhiev, Chair of the State Commission for Energy and Water Regulation (DKEVR), at an open session of the watchdog.

Business » Energy | December 15, 2011, Thursday // 12:07 | Viewed: 1249

Bulgaria Officially Tells Russia BA Pipeline Is Over

Russia's Ministry of Foreign Affairs has received an official statement from Bulgaria confirming the Balkan country's decision to abandon the Burgas-Alexandroupolis oil pipeline.

Business » Energy | December 15, 2011, Thursday // 11:22 | Viewed: 1685

No Deadline Extension for Level Gauges at Bulgarian Filling Stations

The deadline for the installation of level gauging systems at filling stations' reservoirs will not be extended, with non-compliant sites facing a fine of BGN 10 000 and closure.

Business » Energy | December 15, 2011, Thursday // 09:57 | Viewed: 1213

Bulgaria Seeks to Raise BGN 78 M from EVN Unit Bourse Sale

Bulgaria will seek to rake in at least BGN 78.4 M from the sale of the government's 33% minority stake in the local unit of Austria's EVN AG, the local stock exchange said in a statement.

Business » Energy | December 14, 2011, Wednesday // 09:26 | Viewed: 1578

Bulgarian Gas Station Owners Slam New Measuring Requirements

Close to one hundred owners of filling stations have gathered for a protest rally near the Beroe stadium in the southeastern Bulgarian city of Stara Zagora to voice their discontent over the mandatory installation of fuel measuring equipment.

Business » Energy | December 13, 2011, Tuesday // 17:28 | Viewed: 1798

BA Oil Pipeline Talks Canceled on Greek Request

The meeting of the Control Board of the Burgas-Alexandroupolis oil pipeline project, scheduled in Amsterdam for Wednesday had been canceled.

Business » Energy | December 13, 2011, Tuesday // 14:04 | Viewed: 2933

18% Gas Price Increase Is Unjustified - Bulgarian Energy Watchdog Chair

The State Commission for Energy and Water Regulation (DKEVR) has opposed the request of state-owned Bulgargaz for a 18% gas price hike from January 2012, saying that it is unreasonably high.

Business » Energy | December 13, 2011, Tuesday // 13:40 | Viewed: 1382

Bulgaria's Supreme Court Upholds Contested Ordinance on Monitoring Excise Goods

Bulgaria's Supreme Administrative Court (VAS) has conclusively confirmed the legality of an ordinance setting out the requirements for the installation of measuring devices monitoring the flows of excise goods.

Business » Energy | December 13, 2011, Tuesday // 12:34 | Viewed: 1052