Inercom Group

Bulgaria's parliament on Wednesday amended energy legislation to give the country's Energy and Water Regulatory Commission, KEVR, the final say on the sales of 20 or more per cent of any gas or electrical distribution company operating in the country.

By bne IntelliNews September 17, 2018

Ginka Varbakova, the owner of Bulgaria's family-owned Inercom Group, has left several companies that operate photovoltaic power plants in order to save a deal with Czech CEZ on the sale of its assets in Bulgaria, Investor.bg reported on September 17.

Czech energy company CEZ has filed an administrative claim against the Bulgarian competition watchdog, CPC, over a ban on selling its assets in Bulgaria to the local firm Inercom Group, Investor.bg reported on August 7.

After it became clear that CEZ's governing bodies have approved a contract for the sale of their assets to Inercom Group, the reactions in parliament have not been delayed. Yesterday it was announced that the Czech concern CEZ sells its assets in Bulgaria and the buyer is Bulgarian company "Inercom Bulgaria".

Energy Minister Temenujka Petkova resigns, NOVA announced. Temenujka Petkova said she wants to clear her name. She said she had talks with Prime Minister Boyko Borisov.

"What I think, with the slightest doubt about any problems or influences, that it is a decent act to resign, I talked to the Prime Minister and will resign, and he will decide what to do," Petkova said.