KEYWORDS TODAY:   UkraineDonetskSouth Stream

CEO of Bulgaria's Maritsa Iztok Mines Replaced

Business » ENERGY | January 20, 2014, Monday // 16:46| Views: 1059 | Comments: 0
  • Send to Kindle

Georgi Zlatev has been appointed Chief Executive Officer of Bulgaria's largest coal mining company, the Maritsa Iztok Mines (Mini Maritsa Iztok EAD).

Zlatev was appointed CEO of the state-owned company on Monday through a decision of the Bulgarian Energy Holding.

The new CEO of the Maritsa Iztok Mines was previously chief executive of briquette producer Brikel of energy tycoon Hristo Kovachki, according to reports of investor.bg.

In a Monday statement, Zlatev claimed that he did not know the reasons behind the decision to replace Stanimir Kazalachev, the previous CEO of the state-owned coal mining firm.

Zlatev also made clear that he had been invited to become CEO of the Maritsa Iztok Mines by BEH.

Asked to comment on proposed legal changes aimed at reducing the use of coal, he insisted that such a measure was impossible to implement in Bulgaria at the current stage.

A few days ago Andon Andonov, MP from center-right party GERB (Citizens for European Development of Bulgaria), announced that the Maritsa Iztok Mines had to receive BGN 120 M from debtors.

Several weeks ago, Bulgarian Economy and Energy Minister Dragomir Stoynev bragged about a record-high coal output in December, at 3.3 million tones.

On Friday, a contract was signed with the European Bank for Reconstruction and Development, which should allow the Maritsa Iztok Mines to purchase of three new excavators, the first upgrade at the company since 1992.

Energy » Be a reporter: Write and send your article
Tags: Maritsa Iztok mines, Mini Maritsa, Bulgarian Energy Holding, BEH, Economy and Energy Minister, Dragomir Stoynvev
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria