No Splitting of Bulgarian Energy Holding in Store - Min
Bulgarian Minister of Economy and Energy Dragomir Stoynev has denied media reports that the cabinet plans a splitting of the Bulgarian Energy Holding (BEH) into three separate companies.
According to Stoynev, there are no plans for instituting a separate Ministry of Energy, either.
"I want to clearly stress that as long as I am minister of economy and energy, the Bulgarian Energy Holding will not be closed down," said Stoynev at his first press conference for 2014.
"What is more - I intend to strengthen the role of the Holding in the efforts to balance Bulgaria's energy system," added he.
"BEH achieved a successful release of bonds. Investors from Europe and Asia approve of the Holding's structure," said the minister.
"The Ministry of Economy and Energy is a very large ministry, but at the present moment the cabinet has no plans of splitting it," further clarified Stoynev.
The minister added that he does not preclude such a move in the indefinite future, if need arises, but said that such a measure is not presently considered.
- » Gazprom Puts Forward New South Stream Route
- » Bulgaria's NEK Repays EUR 309 M Debt to Local Unit of U.S.-based AES Corp
- » Bulgaria’s BEH Signs EUR 535 M Loan Deal to Repay Debt to Units of AES, ContourGlobal
- » Competition Regulator Carries out Inspection at OMV Bulgaria
- » Bulgaria's Competition Watchdog Conducts Inspections at Shell, Eko
- » Noble Globetrotter II to Start Drilling for Gas off Bulgaria’s Coast in May