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The "Maritsa Iztok" mines. Photo by BGNES
Ivan Markov and Gocho Hristov, CEO's of the "Maritsa Iztok" mines were fired over embezzlement and abuse of power.
The decision was made by the Council of Directors of the Bulgarian Energy Holding (BEH) over the conclusions of the audit report prepared by BEH experts.
The audit results have revealed serious violations of fiscal discipline, lack of control and planning and misuse of the company's resources. The mines' profits have been significantly reduced over the above violations while money has not been used for the strategic goal of production's increase.
Todor Todorov, until now Finance Director for the "Maritsa Iztok 2" thermal power plant, will temporary take the lead of the mines.
BEH also decided to appoint a finance auditor to prepare a report for the National Electric Company (NEK).
In recent months, the price of carbon dioxide (CO2) emissions has increased significantly and is already above the forecast of the Bulgarian Energy and Water Regulatory Commission (EWRC), according to a published report.
For the normal operation of Mini Maritza Iztok, the Bulgarian Energy Holding (BEH) will provide a long-term loan of BGN 50 million.
At an extraordinary press conference, the released NEK CEO Petar Iliev warned that the price of electricity on the free exchange threatens national security.
The Bulgarian Energy Holding is in the final stages of taking commitments regarding the BEH Gas case.
''I want to make it clear once again: there is currently unplanned repair of Tsankov Kamak dam’s geomembrane, at the expense of national power company NEK.
The Parliament approved at first reading changes to the energy law introducing clear criteria in the use of thermal energy for agriculture, FOCUS News Agency reported.
Bulgaria’s fuel market has recorded a sharp upward shift since the outbreak of the war in Iran, with diesel and petrol prices rising significantly across the country
The second exploration drilling in the Krum-1 area of the Khan Asparuh block in Bulgaria’s Black Sea has also failed to identify commercially significant natural gas deposits, according to OMV Petrom
The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
The Energy and Water Regulatory Commission (EWRC) in Bulgaria has set the price of natural gas for April 2026 at 34.27 euros per megawatt-hour, excluding access, transmission, excise duties and VAT
Fuel prices in Bulgaria have recorded a sharp upward movement over the past month, with diesel showing the most significant increase, according to data from the Fuelo platform
Bulgargaz has defended its previously submitted proposal for a 5% rise in natural gas prices for April before the Energy and Water Regulatory Commission, with CEO Veselin Sinabov stressing that there is currently no justification for any further increases
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