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.
President Rumen Radev joined business leaders and Czech representatives at a meeting organized by the Bulgarian-Czech Chamber of Commerce
A new factory built with Czech investment officially opened its doors in Plovdiv
Sofia Municipality is setting up a dedicated working group tasked with converting all local taxes, fees, and service prices from Bulgarian leva to euros
Plovdiv has emerged as the most dynamic regional office market in Bulgaria, with over 237,000 square meters of Class A and B office space, according to the latest “Offices in Regional Cities in Bulgaria” report published by Colliers International.
Japanese automaker Nissan Motor will cut over 10,000 additional jobs worldwide, bringing total layoffs — including previously announced ones — to around 20,000, or 15% of its global workforce, Japan’s public broadcaster NHK reported on Monday, citing Reut
Bulgarians working abroad sent a total of 1.32 billion euros to their home country last year, according to data from the Bulgarian National Bank
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Deputy Energy Minister Iva Petrova emphasized at Green Transition Forum 5.0 that Bulgaria’s energy strategy hinges on modernizing grid infrastructure and securing long-term supply agreements
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe
