The local arm of the Italian PVB Power is to build seven small hydropower plants in neighbouring Romania, Dnevnik Daily reported. The annual production capacity of the plants is estimated at 260mn KWh. The investment is expected to reach EUR 250mn. PVB Bulgaria is run by Italian Finest, PVB Group (Petrolvilla Group), Dolomiti ENERGIA and Azienda Energetica S.p.A. Etschwerke AD. PVB Power Bulgaria is building nine hydropower plants along the Iskar River through its subsidiary VETs Svoge (EUR 115mn) and five hydropower plants along the Maritsa River in southern Bulgaria (EUR 110mn). |
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
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
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