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.
Ukrainian President Volodymyr Zelensky has approved a law allowing the purchase of two Russian-made nuclear reactors from Bulgaria
A large-scale inspection campaign at fuel stations across Bulgaria began this morning
The premier green and smart energy exhibition in Southeast Europe returns – Bigger, Bolder, and More Impactful than Ever!
Donald Trump recently sent a letter to Bulgarian President Rumen Radev, mentioning Bulgaria's key role in both ensuring peace in Ukraine and maintaining reliable energy supplies
The Bulgarian Central Energy Repair Base (CERB) is currently undertaking repairs at the Pljevlja thermal power plant, Montenegro's sole coal-fired facility.
Ukraine's parliament, the Verkhovna Rada, has passed a law allowing the purchase of two Russian-made nuclear reactors originally intended for Bulgaria's Belene Nuclear Power Plant
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