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Parts of the investments made by Austrian-owned power supplier EVN are improving customer service. Photo by BGNES
The Bulgarian State will draw a BGN 1.65 M dividend for 2009 from the power utility EVN, the company informs Wednesday.
The amount was voted during the shareholders meeting. It represents 10% of the profits of the utility, which serves southeastern Bulgaria. The other 90% of the BGN 50 M profit will be reinvested in the company's network, as it has been done for the 5 years after it entered the Bulgarian market, when the utilities were privatized.
The Bulgarian State owns 33% of the EVN shares in the country.
EVN had invested in 5 years BGN 600 M for repairs of the electric power supply network and customer service. Its investment program provides for a total of BGN 180 M in Bulgaria's energy sector in the next few years.
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
Electricity prices in Cyprus are expected to rise significantly in the coming months, with projections pointing to an increase of up to 20% by August.
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reported
A total of 320 complaints linked to unusually high electricity bills in Bulgaria had been filed with the Energy and Water Regulatory Commission by Tuesday
Vice President Iliana Yotova’s decision to nominate Bulgarian National Bank Deputy Governor Andrey Gyurov as acting prime minister triggered immediate and sharply divided reactions across the political spectrum
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
The president of the Confederation of Bulgarian Trade Unions, Plamen Dimitrov, has warned that inflation in Bulgaria is likely to exceed earlier projections, even if fuel prices begin to decline
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
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