EBRD Launches Star Venture Programme in Bulgaria
Open call for applications to EBRD Star Venture programme for high-potential startups in Bulgaria until 20 March 2025
Bulgaria's Commission on Protection of Competition (CPC) has fined three companies which participated in the construction of desulphurization installations at the state-owned thermal power plant Maritsa East 2.
Consortium Idreco-Insigma, Zhejiang Zheda Insigma Group Co., Ltd, and Idreco Invest have been fined with BGN 50 000 each, according to CPC's announcement.
Consortium Idreco-Insigma won the public procuirement contract for building the desulphurisation equipment with financing from EU funds and the European Bank for Development and Reconstruction (EBRD).
French Alstom, however, complained to EU's anti-fraud office Olaf that the consortium had stolen its technology to win the tender
Alstom sued Chinese Insigma in Singapore to pay close to USD 30 M for unauthorized use of the technology.
Bulgaria's CPC has found that Consortium Idreco-Insigma, Zhejiang Zheda Insigma Group Co., Ltd and Idreco Invest have presented false data in their bids for the above mentioned tender.
According to CPC, the skewed information has allowed the opposing parties to gain an unfair advantage which affected the decision of the assignor, at the same time damaging the interests of their competitor.
If the bidders had submitted truthful documents, they would have been removed from the tender process and would not have won the contract, CPC has said.
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
A contract for the exploration and extraction of oil and natural gas in Block 1-26 Khan Tervel, located within Bulgaria’s exclusive economic zone in the Black Sea, is being officially signed today
Bulgaria is exploring the possibility of leveraging its nuclear power capabilities to attract the IT sector, particularly in the field of artificial intelligence (AI) and data centers
Bulgaria is intensifying efforts to enhance regional energy security through the development of strategic infrastructure aimed at reducing dependence on Russian gas
The final shipment of Russian nuclear fuel for Bulgaria's Kozloduy Nuclear Power Plant has arrived
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase