The registration of the new management of the Bulgarian Energy Holding (BEH) has been halted by the court after an appeal by BEH’s former CEO, who was removed from office, Valentin Nikolov, BNR’s Juliana Kornazheva reports.
On Friday Energy Minister Andrey Zhivkov dismissed the holding’s board of directors and the board is appealing the decision. The Ministry of Energy gives as the reason for the dismissal: lack of results following the minister’s demand that the management of Bulgartransgaz be dismissed due to breaches connected with the Balkan Stream project and unsatisfactory financial performance. Valentin Nikolov on his part stated that the minister wanted to take over the companies under the umbrella of the holding: Kozloduy Nuclear Power Plant, Bulgargaz, Bulgartransgaz, Maritsa Iztok Thermal Power Plant, Mini Masritsa Iztok.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder