The National Electrical Company (NEK) has initiated a procedure for the selection of a consultant for the asset valuation of the Belene Nuclear Power Plant project.
These assets will go into a new company, said Petyo Ivanov, CEO of the Bulgarian Energy Holding. One of the ways to separate the assets is by contribution of assets, and the other – by dividing the company itself. For the time being, the plan is to keep NEK as 100 percent owner until the emergence of another potential investor. It is the position of the Bulgarian government that the Belene NPP should be implemented on market principles without state guarantees.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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