Bulgaria's prosecution office will instruct the state energy regulator to revoke the electricity distribution licence of CEZ in the country, the Prosecutor General Sotir Tsatsarov said in an interview for BTV. A number of irregularities related to electricity reporting periods have been found, Tsatsarov informed. The energy regulator officially launched a procedure to cancel the licence of CEZ in February, following mass protests in the country against high electricity bills. A number of violations were found, including failure to comply with procurement law with respect to assigning orders without holding tenders. The final decision whether or not to revoke the licence will be taken by the energy regulator on April 16. |
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