Board of Directors of South Stream Bulgaria Reshuffled
The three Bulgarian representatives on the board of directors of South Stream Bulgaria have been replaced.
According to reports of business daily Capital Daily, the move is part of a series of board reshuffles at state-owned energy companies.
The decision was taken at a general meeting of shareholders on Monday.
As a result of the changes, South Stream Bulgaria CEO Georgi Gegov is replaced by Iliya Ivanov, former member of the Board of Directors of state-owned gas supplier Bulgargaz.
Mihail Andonov, former CEO of the Bulgarian Energy Holding (BEH) is replaced by Boyan Boev, while Yordan Zhelev, financial expert at BEH, replaces Boris Todorov who is also member of the Board of Directors of Bulgargaz.
Capital Daily reminds that Bulgaria's current socialist-led coalition government fast-tracked the implementation of the South Stream gas pipeline project.
In end-August, the Senior Environmental Expert Council at the Ministry of Environment and Water unanimously approved a 5000-page report on the environmental impact assessment (EIA) of the gas pipeline project.
During a visit to Sofia in early July 2013, Gazprom CEO Alexei Miller told Bulgarian journalists that the schedule for the start of the construction works on the South Stream pipeline would be observed, despite implementation delays.
His visit, however, did not make it clear how the joint project company would be financed and how the EU regulatory obstacles to the agreement between Bulgaria and Russia would be overcome.
The governing bodies of the Maritsa Iztok 2 thermal power plant and the Maritsa Iztok Mines, as well as the directors of BEH, have been changed since June, meaning that only state-owned gas companies Bulgartransgaz and Bulgargaz were not affected by the management reshuffle.
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Geez, Jiminy Crickets, Flipping Hell, etc etc etc; Is anything positive really going to be achieved at all by the endless reshuffles, sackings, "resignations", appointments and inappropriate appointments of ministers, multiple deputies, chairpersons, commitees, changing the structures of Ministries and various Government departments and portfolios and etc etc etc? Which, I might add is deliberately taking forever and at leasure without any coherent thought process, and when is it going to stop?
It is much ado about nothing to make it look like they are really busy and occupied and know what they are doing, but in fact it is counterproductive and is only creating so much confusion within the current government and functionality of the Nation, that the next elections will be taking place while Stanishite and Co are still reshuffling the bloody daylights of whatever is still left of BG.
They seem to think that they are going to be a "government" for a long time or forever, but that's not the case is it. And by the time the next crowd, whoever they may be, get voted in as the next government, they will have quite a job on their hands, trying to work through the mess that has been created. Parliament has actually had more time off on "holidays" than they have worked in the recent weeks since forming their deceitful and very dodgy government, and the reshuffling is still continuing. How much time do they think they have? All talk, no action. Talk about the blind leading the blind in this band of "experts" with their arrogant thick heads and puffy chests in their fancy suits and carrying their mobile phones and government issue folders, whilst regarding themselves as very important.