Google Registers Subsidiary in Bulgaria
Internet giant Google has registered a subsidiary in Bulgaria, Google Bulgaria EOOD.
Greek power company Public Power Corporation will establish a subsidiary in Sofia in cooperation with the Swiss company ALPIQ Group, announced the Bulgarian National Radio.
Public Power Corporation (PPC) will own 85% of the share capital, and the remaining 15% will be owned by ALPIQ. The joint venture will be engaged in energy trading.
Greece's largest power company has announced that the establishment of this subsidiary is part of a strategy of PPC to expand to other markets in Southeast Europe, as well.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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