| Czech energy company CEZ invested more than BGN 1.7bn (EUR 0.9bn) in Bulgaria over the past 5 years, the company said on its website. The company had to invest about BGN 130mn annually to improve the quality of services, the statement added. Under a new pilot project, to be finalized by end-2010, CEZ will offer its customers in Sofia and the western part of the country to receive electronic invoices instead of the traditional paper ones, sent via mail. Earlier, local media reported that CEZ would invest, starting in July, a total BGN 3.7mn (EUR 1.9mn) in 55 projects that will improve the quality of its services in 25 towns. Project activities will include connection to the power grid of newly-built buildings, replacement of cables and recycling of electricity meters, among others. In June, the company launched 69 projects to improve electricity distribution in more than 30 towns in western Bulgaria. The total investment budget of CEZ Distribution for 2010 is BGN 71mn (EUR 36.5mn). |
|
|
Related Articles
EC urges Bulgaria to comply with EU rules on free movement of capital.
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Govt seeks delay of antitrust rules violation procedure against Bulgaria.
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarians hold EUR 100mn in deposits in Cyprus.
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
16 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago