CEZ Razpredelenie Bulgaria, the Bulgarian unit of Czech power utility CEZ, plans to invest over BGN 2mn in the reconstruction and development of its power grid in western Bulgaria in October, Focus news agency reported. Some BGN 555,000 will be spent on the upgrade of the power grid in Sofia. CEZ Bulgaria has invested BGN 32.5mn in the first nine months of 2011. The Bulgarian unit runs the grids in western Bulgaria with a population of above 2.9mn. It state will offer for sale its 33% stake in the company. |
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