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Bulgaria’s anti-trust regulator said in Monday it imposed a fine of BGN 1.25 M on CEZ Distribution Bulgaria for abusing the company’s dominant market position.
CEZ Distribution Bulgaria, majority owned by the Czech Republic’s CEZ, said it would appeal the decision of the Commission for Protection of Competition (CRC).
According to the regulator, the power distributor had “unjustifiably delayed” the purchase of electricity infrastructure from a customer who had built it – something that power distributors are required to do under Bulgarian energy regulations.
CRC said in a statement that by delaying the purchase of electricity infrastructure built by a customer CEZ Distribution Bulgaria “could prevent, restrain and breach competition and affect the rights of consumers”.
Ksenia Eliseeva, a Russian activist living in Bulgaria, has voiced her frustration after the Bulgarian government denied her refugee status
On Thursday, Bulgaria will experience predominantly sunny weather across most regions
Prices in seaside restaurants across Bulgaria are rising this year, with a noticeable hike in some popular beachside dishes
The cost of essential foods in Bulgaria has risen by nearly 11% over the past year, as reported by the Commission on Commodity Exchanges and Markets
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
Wages across Europe show considerable variation, with substantial differences in both nominal salaries and cost of living. A useful indicator in assessing these disparities is the average adjusted full-time salary of employees
Elliott Investment Management, led by billionaire Paul Singer, is exploring the possibility of acquiring a stake in a set of Bulgarian infrastructure assets, which includes a key extension of the TurkStream gas pipeline
The liberalization of the electricity market for households — meaning that residential consumers would join the free electricity exchange where businesses have traded for years — is being postponed.
Turkey is advancing its energy strategy in the Balkans with new agreements aimed at deepening its influence in the region
The Energy and Water Regulatory Commission (EWRC) has approved the natural gas price in Bulgaria for May
Bulgaria is set to become the first European country to operate an AP1000 reactor, according to Energy Minister Zhecho Stankov, speaking at a symposium hosted by Westinghouse in Sofia
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase
