The financial director of Bulgaria's National Electric Company, NEK, Ivo Lefterov, is temporarily taking over the company.
Bulgarian Prime Minister, Boyko Borisov, had declined appearing in the Parliament for a hearing on the fate of the Belene Nuclear Power Plant.
Key opposition Bulgarian Socialist Party politicians have criticized what they saw as secrecy on the part of Bulgarian PM Boyko Borisov regarding his recent talks with Russian counterpart Vladimir Putin on the fate of the joint projected Belene NPP.
Mihail Andonov, the newly appointed CEO of the Bulgarian Energy Holding (BEH) and former head of the National Electric Company (NEK), has insisted that the national power utility had solid reasons to change its Q2, 2012 price increase request from 4.
Russia has reiterated its determination to construct the Burgas-Alexandroupolis oil pipeline and reduce the price tag of the project, following Bulgaria's withdrawal.
The National Electricity Company (NEK) is expected to seek a price increase of at least 15% from July 01, according to Mihail Andonov, the new Director of the Bulgarian Energy Holding (BEH).
Bulgaria's agony over plans for a second nuclear power plant continues unabated, a rightist leader said on Monday as the final decision on the project was delayed yet again.
Bulgaria's anti-trust watchdog has cleared a renewable energy acquisition involving Russian Lukoil.
The fate of the Belene Nuclear Power Plant project, which is supposed to become Bulgaria’s second NPP, has remained even more unclear after Monday’s phone conversation between the prime ministers of Bulgaria and Russia.
Bulgaria's top court will deliver its decision on the appeal against the award of Vranino 1-11 block to US company Park Place in May, it emerged on Monday.
Bulgaria's Prime Minister, Boyko Borisov, has already notified his Russian counterpart and President-elect, Vladimir Putin, about the cabinet's decision on the project to build a second Nuclear Power Plant in the Danube town of Belene.
Bulgarian PM Boyko Borisov will have a phone call Monday with Russian counterpart Vladimir Putin to finalize the fate of long-delayed joint energy project Belene NPP.
Bulgarian Energy Holding head Yordan Georgiev has been dismissed and replaced by Mihail Andonov, announced the Bulgarian Ministry of Energy and Economy Sunday.
Bulgaria's natural gas price is to go up by 12.73% as of April 1, 2012, the State Commission for Energy and Water Regulation (DKEVR) has decided at a closed doors meeting late Friday evening.
Only 9% of the "non-financial" companies in Bulgaria use energy from renewable sources, a survey of the Economic Research Institute of the Bulgarian Academy of Sciences has found.
Russia's state-owned nuclear corporation Rosatom has made it clear it is ready to agree on yet another extension of the contract with the Bulgarian government for the construction of the Belene nuclear power plant.
Prime Minister Boyko Borisov has accused Traicho Traikov, former Minister of Economy, Energy and Tourism, of setting traps for the GERB government, of deliberately obstructing projects and of "talking plain rubbish".
Bulgaria's government has made it clear it is not daunted by the risk of being taken to arbitration by the Russian contractor in Belene nuclear project, should it decide to abandon it.
Bulgaria's natural gas price is to go up by 12.73% as of April 1, 2012, the State Commission for Energy and Water Regulation (DKEVR) has stated in a report that is yet to be adopted.
Russia's state-owned energy company Rosatom has urged Bulgaria to quickly make up its mind about the Belene nuclear power plant project.
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