State Commission for Energy Regulation demanded more information on the financial condition of US company AES, before it gives it a license for generating electricity at the Maritza East 1 thermal power station. A month ago the company submitted documents with the State Commission for Energy Regulation for obtaining a licence for generating electricity at the Maritza East 1 thermal power station and construction of new units. The company signed a contract with the Bulgarian National Electricity Transmission Company in June 2001. Under the contract AES is to invest USD 850 M in renovation and construction of new 670 MgW units of Maritsa Iztok 1 thermal power plant. The Energy Ministry expects the company to provide funds till the end of the year, following German’s KfW refusal to grant credits under the project. The Commission is carefully following the AES shares price after it posted an 81% fall in profits in the first quarter of the year. In 2001 the company’s profit went down from USD 795 M to USD 273 M, and AES announced it plans to sell projects in South America and Europe.
President Rumen Radev will remain in office until Friday, when the Constitutional Court is expected to rule on his resignation. The court has officially announced that a hearing on the case has been scheduled for January 23, starting at 10 a.m.
Bulgarian President Rumen Radev has received a formal letter from US President Donald Trump inviting Bulgaria to take part as a founding member of the Peace Council initiated by the American head of state
The possible emergence of a political project linked to Rumen Radev is not expected to alter Bulgaria’s geopolitical direction, according to analysts speaking on bTV.
The Central Election Commission has formally removed four political formations from the coalition “BSP-United Left”, following requests submitted by the parties themselves to end their participation in the alliance.
Varna Mayor Blagomir Kotsev described President Rumen Radev’s resignation as a major turning point for Bulgaria’s political landscape, saying the move had been anticipated for a long time and has now become reality.
Asen Vassilev from WCC-DB said that Rumen Radev’s entry into active politics has removed any remaining ambiguity about the direction the country could take and has presented voters with a clear and direct choice about Bulgaria’s future
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