Send to Kindle
Photo by tek.bg
The Commission on Protection of Competition (CPC) has cleared the acquisition of seven filling stations by NIS Petrol EOOD, a company owned by Russian energy giant Gazprom.
The sites are located in Smolyan, Kardzhali, Asenovgrad, Blagoevgrad, and the villages of Ledenik and Pavolche.
One month ago, the anti-trust watchdog allowed NIS Petrol EOOD to acquire another seven sites.
According to CPC's statement, the company is a new player on the fuel retail market in Bulgaria and is unlikely to develop a dominant position that could distort competition, given the small market share it occupies.
To prove the point, CPC mentions the presence of several major chains of filling stations which enjoy a loyal customer base and a good reputation and are competing effectively among themselves.
The anti-trust watchdog further adds that none of the players on the market has voiced concerns about a negative impact of the transaction on the competitive environment in the sector.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Elon Musk, after acquiring Twitter for $44 billion in 2022, dismissed several top executives, including Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett
The long-standing question of why major tech players have overlooked Bulgaria seems to have been answered, albeit in a surprising manner
In a shocking incident near Červeník, Western Slovakia, a Bulgarian driver is suspected of intentionally crashing into a gas station at high speed
In a startling incident that unfolded around 1 o'clock last night, an armed robbery jolted a gas station located at the Stara Zagora exit in the direction of Kazanlak
The National Assembly has enacted changes exempting "Bulgartransgaz" from collecting a new fee imposed on "Gazprom" for gas transit through the Turkish Stream pipeline
An employee of a gas station in Sandanski filed a report about a man lying lifeless in the toilet
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
