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Lyubomir Velkov is going to be fired as CEO of NEK over inaction. Photo by BGNES
The two executive directors of the Bulgarian National Electric Company NEK, Lyubomir Velkov and Mardik Papazyan, are going to be fired by the end of the week.
This was announced Monday by the Bulgarian Energy Holding, of which NEK is a subsidiary. The decision for their dismissal will be made at the upcoming Board of Directors meeting of BEH.
The reasons for the firing of Velkov and Papazyan are that the two managers have failed to undertake the necessary actions to cut the expenditures and respectively - to reduce the losses - of the state-owned company.
BEH has even accused the two CEOs of inaction, and is going to hold them accountable for their failure to act. According to the Chair of the Board of Directors of BEH, they had to reduce the electricity prices as a measure to prevent losses.
The Bulgarian Ombudswoman, Velislava Delcheva, has reported receiving close to 1,000 complaints from citizens regarding electricity bills, with around 800 directly concerning unusually high charges
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The Ombudswoman institution has voiced strong opposition to the proposed increase in heating prices in Sofia, which is expected to approach nearly 30 percent
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