Bulgarian Energy Holding

The European Commission has fined Bulgarian Energy Holding (BEH), its gas supply subsidiary Bulgargaz and its gas infrastructure subsidiary Bulgartransgaz (the BEH group) more than 77 million euro for blocking competitors' access to key gas infrastructure in Bulgaria, in breach of EU antitrust rules, reported the Bulgarian National Radio. 

State-owned Bulgarian Energy Holding (BEH) was fined 77 million euros ($87.3 million) by EU antitrust regulators on Monday for blocking rivals' access to key gas infrastructure in Bulgaria over a five-year period to 2015, reports Reuters. 

The main role of the Bulgarian Energy Holding (BEH) is to support financially its subsidiaries such as Toplofikatsia Sofia EAD, the capital city's district heating company, in order to protect energy security.

17 Bulgarian companies rank among the 500 largest companies in Central and Eastern Europe in 2017. Compared to last year, their number decreased by one, and "Energo-Pro Varna" is the company that debuted for the first time in the Coface ranking.

SOFIA (Bulgaria), August 9 (SeeNews) - S&P Global Ratings said on Thursday that it has raised its long-term issuer credit rating on Bulgaria's National Electricity Company, NEK, to 'B+' from 'B' with stable outlook.

More than 80 percent of the work has been completed for starting the construction of the Interconnector Greece-Bulgaria (IGB) that envisages transportation of Azerbaijani gas to Bulgaria, Teodora Georgieva, executive officer at ICGB AD joint venture company, the project's operator, told Trend.

SOFIA (Bulgaria), August 3 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) has invested 100 million euro ($115.9 million) in the seven-year, 550 million euro senior unsecured bond issue of state-owned Bulgarian Energy Holding (BEH), the bank said on Friday.

The Bulgarian Energy Holding is in the final stages of taking commitments regarding the BEH Gas case. To this end, the Parliament will instruct the Energy Minister Temenuja Petkova to take the necessary actions to reach an agreement with the European Commission's case BEH gas.

The Bulgarian parliament on Thursday voted overwhelmingly in favour of dropping the moratorium on the construction of the Belene Nuclear Power Plant, NPP.

A total of 172 out of 240 MPs supported the proposal by the ruling GERB party of Prime Minister Boyko Borissov which gives Energy Minister Temenuzhka Petkova the mandate to restart the process of seeking potential investors.

Four companies have deposited written notes expressing their interest in participating in a bid to construct the Belene Nuclear Power Plant (NPP) as parliament is expected to vote by the end of this week to lift the moratorium on its construction, Vice-Prime Minister Tomislav Donchev said on Sunday.