Send to Kindle
CEZ supplies power to over 2 million households and companies in western Bulgaria, including the capital Sofia. File photo
Czech energy company CEZ has announced that it has filed a complaint with the European Commission against Bulgarian authorities' decision to take steps toward rescinding the firm's licence in the country.
CEZ stated that recent actions of Bulgarian authorities, in which the local energy regulator has unexpectedly cut prices and said it may revoke CEZ's license, may be in conflict with valid legislation as well as with European Union treaties on the free flow of capital.
"We have repeatedly faced negative interventions from the side of Bulgarian institutions," Tomas Pleskac, head of CEZ's distribution and foreign activities, said in a statement, as cited by international media.
Bulgaria's energy watchdog started a procedure to revoke the distribution licences of CEZ, accusing the company of breaking public procurement laws by subcontracting suppliers without holding public tenders
On Thursday, police and anti-monopoly watchdog representatives have raided the premises of the three power distributors operating in Bulgaria - CEZ, EVN, and Energo Pro.
The three leading telecommunications operators in Bulgaria inject more than 640 million BGN (≈327 million EUR) annually into the development of networks and services
Deputy Governor of the Bulgarian National Bank Petar Chobanov has urged the ruling coalition not to raise taxes
Economist Dimitar Chobanov has stressed that Bulgaria should focus on adjusting public spending rather than raising taxes
The Bulgarian men’s national volleyball team secured a historic place in the final of the World Championship in the Philippines after defeating the Czech Republic 3:1
Silvia Georgieva, executive director of the National Association of Municipalities in Bulgaria, has indicated that for 2026, a widespread update of local taxes and fees across the country’s municipalities is unlikely
At the HELEXPO 2025 exhibition, one of the central panels on Bulgaria’s economic prospects focused on the country’s upcoming entry into the eurozone, with discussions highlighting both challenges and opportunities
A new contract tied to the future construction of Kozloduy NPP’s seventh and eighth units was signed at the Council of Ministers between Kozloduy NPP–New Power Plants and the LEP-BWXT-CNPSA consortium
The Energy and Water Regulatory Commission has set the price of natural gas for December at 63.01 BGN per MWh, equivalent to 32.22 EUR per MWh
The Municipality of Gotse Delchev has approved one of the largest infrastructure projects in the region, granting unanimous consent to a cooperation agreement with the Swiss company
Turkey’s state-run energy company Botas reported a record loss of USD 1 billion (around 1.85 billion BGN) in 2024
Dimitar Georgiev, a Bulgarian financier and international markets analyst, stated that he does not anticipate any further increase in fuel prices in the country
Vladislav Panev, from the “Acceleration” Club and a former MP with the “Green Movement,” described the appointment of Rumen Spetsov as a special manager of Lukoil Bulgaria as surprising
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
