EVN Bulgaria to invest EUR 65.4mn in 2012.

By bne IntelliNews January 5, 2012
EVN Bulgaria, part of Austria's energy utility EVN AG, plans to invest BGN 128mn (EUR 65.4mn) in the country this year, Dnevnik Daily reported. Since buying the power distribution units in Plovdiv and Stara Zagora in southeast Bulgaria in 2005, EVN has invested some BGN 900mn. The company reports BGN 21mn outstanding claims for purchases of electricity and heating. At the end of 2011, EVN raised its stake in its local subsidiaries to above 97% after the state offered for sale on the bourse its 33% shares in EVN Bulgaria Elektrorazpredelenie and EVN Bulgaria Elektrosnabdiavane. EVN Bulgaria services more than 1.5 million clients.
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    6 days ago
  2. Russia already treating Bosnia’s Republika Srpska as an independent state
    6 days ago
  3. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    5 days ago
  4. Putinomics: Russia’s oil and gas revenue to double in April
    6 days ago
  5. Don't mention the "D" word - Ukraine
    11 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  2. Russia could pay off its entire external debt tomorrow, in cash
    1 month ago
  3. Saudi Arabia to scale back plans for Neom city
    21 days ago
  4. Iran vs Israel: Who is better equipped for war?
    18 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago

Reports

Dismiss