Bulgaria Against EVN: Politics with Electricity

Views on BG | April 7, 2014, Monday // 14:42
Bulgaria: Bulgaria Against EVN: Politics with Electricity Photo by BGNES

The price Bulgaria could pay for its threats to power distributors is high, Austrian newspaper Der Standard wrote on Sunday.

The author, Markus Bernath, argues that going to court, answering to the European Commission and facing the polls at the same time could be dangerous to the country.

He says that Bulgaria's fidgeting with the suspension of licenses and "re-nationalization" of foreign power distributors operating in the country (which include Austrian EVN), severely affects Europe's poor but mainly Europe's investors.

Bernath also writes that those who do not provide secure environment to economy is considered "uninteresting".

Bulgaria, which is "an important hotspot for energy supplying in Europe", is compared to a scene from a variety show: "socialist-era state-owned firms, where the same ten managers are in charge and which are always at a deficit; foreign power distributors, which in a year were ordered three times to lower electricity price, acting as cash cows; solar and wind plants for those lucky in politics who benefit from the green dogma and plunder the country."

The previous conservative government was not any better, Bernath says, but it was toppled down over energy protests of citizens, something which presently ruling socialists are seeking to evade.

Markus Bernath is an expert in East European and Turkish affairs, who has also published articles on the infight between economic circles in Bulgaria.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Views on BG » Be a reporter: Write and send your article
Tags: Bulgaria, EVN, power distributors, license

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria