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Bulgaria’s regulator said on Wednesday it was examining Eurohold to establish its financial situation given its bid to acquire the Bulgarian assets of Czech utility CEZ, reported Reuters.
Eurohold, active in insurance and asset management, entered into exclusive talks to acquire CEZ’s assets in the Balkan country that include a power distributor that provides electricity to more than 3 million Bulgarians last week.
“The key objective is to check the financial situation and the capacity of the holding company in relation to future acquisitions, including CEZ Distribution Bulgaria and CEZ Electro Bulgaria,” Bulgaria’s Financial Supervision Commission said in a statement.
“By law, power distributors are part of the European critical infrastructure with a direct relation to national security,” it said, adding that it would also carry out checks at key companies that are part of Eurohold.
Electricity costs are politically sensitive in the Balkan nation of 7.1 million people that is one of the poorest in the European Union.
GERB leader Boyko Borissov reacted to the fall of the Zhelyazkov government during a live broadcast on his official Facebook page, following the mass protests across the country.
The government is making a second clumsy attempt to introduce the state budget.
People with disabilities in Bulgaria face the most severe difficulties in the entire European Union, alongside Greece
The current patient fee for a medical consultation has lost its purpose and no longer serves its intended functions, according to Bulgarian Medical Association (BMA) chairman Dr.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
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