ECB Rejects Role in 140 Billion Euro Loan for Ukraine Backed by Frozen Russian Assets
The European Central Bank has declined to act as a backstop for a proposed 140 billion euro loan for Ukraine
Revenue Agency Starts a Check of CEZ Bulgaria Sale to Inercom Bulgaria
- Tweet
Send to Kindle
pixabay.com
The National Revenue Agency has begun a check in the deal between the electricity distribution company CEZ and Intercom, the Bulgarian National Radio said on 26th of February.
At the weekend, Prime Minister Boyko Borissov asked NRA and SANS to look into the sale of the assets of CEZ electricity distribution. The PM asked that all relevant circumstances should be investigated with the participation of the Energy and Water Regulatory Commission (EWRC) and the Financial Supervision Commission (FSC).
On 23rd of February, Energy Minister Temenuzhka Petkova submittted her resignation after the sale of CEZ Bulgaria to Inercom Bulgaria was approved by the electricity distributor's owner, CEZ Group, as it transpired that she had known Inercom's owner Ginka Varbakova for 20 years.
The agency will not give details of the nature of the check until it is completed.
Related Articles:
Belgium Signals Conditional Approval for Transfer of Russian Assets to Ukraine
Belgium has indicated it may agree to transfer frozen Russian assets to Ukraine under specific conditions
Lukoil Threatens Legal Action if Bulgaria Blocks Asset Sales
Lukoil has issued a firm warning to Bulgarian authorities, signaling that it will pursue legal action if Rumen Spetsov, appointed as the company’s special manager
Politics | November 20, 2025, Thursday // 10:56
Exxon and Abu Dhabi Oil Eye Lukoil’s $22B Global Assets Ahead of Sanctions
Exxon Mobil and Abu Dhabi National Oil Co. are among several companies showing interest in acquiring international assets of the sanctioned Russian oil company Lukoil
World | November 19, 2025, Wednesday // 15:07
Belgium Stands Alone as Other Nations Stay Silent on Russia’s Frozen Assets
The question of where Russia’s immobilised sovereign assets are located has resurfaced amid heated discussions about using them to finance Ukraine’s reconstruction
EU Pressures Reluctant States: Frozen Russian Assets or Eurobonds, Take Your Pick
The European Union is intensifying pressure on member states reluctant to approve funding for Ukraine, urging them to use frozen Russian assets or face the alternative of footing the bill themselves
Bulgaria Seals Major Deal for Kozloduy NPP’s New Nuclear Units
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
Bulgargaz Secures Winter Gas Supplies as December Prices Fall by 4.3%
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
Swiss Investor Backs Long-Awaited Breznitsa Hydropower Project in Bulgaria's Gotse Delchev
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Botas Suffers Record 1 Billion Loss as Turkey’s Energy Subsidies Backfire
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Bulgaria’s Fuel Prices Stay Steady: Analyst Rules Out New Hikes Despite Lukoil Saga
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
'The Bomb was Postponed by 6 Months:' Lukoil’s Current Situation in Bulgaria
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising
