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From Bulgaria
25.08.2015 10:35Viber Names Atanas Raykov General Manager for Central and Eastern Europe
Bulgarian Atanas Raykov takes on the role of general manager of Viber for Central and Eastern Europe. Raykov has 10 years of experience in the Bulgarian telecom industry, namely in commercial strategy. “I expect to contribute to growing the20.08.2015 15:40ContourGlobal: If NEK Pays Debts in Time, Maritsa East Mines Will not See Payment Delays
The Bulgarian National Electricity Company (NEK) owes ContourGlobal Maritsa East 3 BGN 388 million (about EUR 194 million), while the power plant operator owes the state-owned Maritsa East Mines BGN 189 million (about EUR 94.5 million). ContourGlobal18.08.2015 17:24Bulgarian Mining Sector Expects BGN 4 Billion Investments in the Next Few Years
As much as BGN 4 billion (about EUR 2 bn) in new investments, doubling of the currently 24,000 people employed and twice as much income from concessions taxes to the state budget are some of the positive effects expected by the Bulgarian miming industry,18.08.2015 17:13Bulgarian Energy Holding Seeks Loan to Fund NEK Payoff to U.S. Power Plants
The Bulgarian Energy Holding (BEH) will announce a procedure for a crediting institution in an attempt to allow its subsidiary – the National Electricity Company (NEK) to pay off its debt to the two power plants AES Galabovo and ContourGlobal18.08.2015 10:53Bulgarian Maritsa East Mines Said Power Plants Owe a Total BGN 370 Million
The unpaid debts of the four power stations in the Maritsa East complex to their local coal supplier – the Maritsa East Mines, are currently totaling NGN 370 million (about EUR 185 m), or by far more than a half of its incomes of BGN 560 m.14.08.2015 13:44Siemens-Led Consortium Likely to Supply Trains, Systems for New Sofia Metro Line
A consortium led by Siemens EOOD of Bulgaria, together with Siemens AG Austria and Polish NEWAG is most likely to supply the 20 new metro trains and security and automation systems for the planned third metro line in the Bulgarian capital Sofia.13.08.2015 11:48Bulgarian Energy Holding Exempt from Paying Dividend to State for 2014
The state-owned Bulgarian Energy Holding, which encompasses some of the country’s biggest energy companies such as Maritsa East Mines, Kozloduy NPP and the National Electricity Company, will be exempt from paying dividend to the Bulgarian state13.08.2015 11:40Bulgarian Government Allows BGN 125,000 to Energy Regulator from State Budget
The Bulgarian government announced on Wednesday that it has earmarked BGN 125,000 (about EUR EUR 62,500) from the 2015 state budget for the Energy and Water Regulatory Commission (EWRC). The sum should cover additional staff expenses, as the energy12.08.2015 13:03Bulgaria’s NEK Launches Tender for Yadenitsa Dam Project Update
The state-owned National Electricity Company has launched a tender procedure for the update of the engineering and construction project of Yadenitsa dam. The new dam will enhance the capacity of the Chaira pumped storage hydro power plant. With its12.08.2015 12:49World Bank to Assist Bulgarian Energy Holding with Market Liberalisation
The state-owned Bulgarian Energy Holding (BEH), which encompasses some of the biggest energy companies in Bulgaria, has signed Aug 8 a contract for consulting with the World Bank. The contract foresees an analysis of the legal framework and the28.07.2015 11:32AES Presented Its Energy Storage Solutions to the Bulgarian Authorities
AES presented its Energy Storage solutions in front of the Ministry of Energy, represented by the deputy-Minister Nikolay Nikolov, Energy System Operator, Bulgarian Energy Holding, National Electricity Company and Maritza East II TPP. The vice president27.07.2015 14:10Industry and Syndicates Demand Power Price Hike Offset by Jan 1, 2016
Bulgarian industrial employers’ organisations and syndicates demanded on Monday that the electricity price hike planned to take effect as of August 1 be postponed by January 1, 2016. If the “Obligations to Society” price component
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