Energy Board

Bulgaria's Energy Minister Temenuzhka Petkova has vowed a comprehensive audit of the sector to establish the financial gap and identify ways of overcoming it.

Georgi Bliznashki, caretaker Prime Minister, has expressed hopes that Bulgaria will have a new government within 10 days.

Bliznashki spoke to journalists in Parliament during Friday's inaugural session of the 43rd National Assembly.

Representatives of Bulgarian employers' associations and trade unions have complained of the presence of strong lobby groups in the Energy Board in a letter to caretaker Prime Minister Georgi Bliznashki and caretaker Deputy Prime Minister Ekaterina Zaharieva.

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The World Bank is ready to help Bulgaria reform its energy sector, the Regional Development Ministry said  on Thursday.

The financial position of Bulgaria's National Electricity Company (NEK) is worsening and its debt already exceeds BGN 3.1 B, caretaker Energy Minister Vasil Shtonov has said.

The Energy Board, which has been recently set up by the Bulgarian government, is due to have a first meeting on Tuesday.

Established as a consultative body at the Council of Ministers, the board is due to analyze the state of Bulgaria's energy sector and to look into the reasons for the permanent instability within the system.

Bulgaria Decides to Set up Energy Board Bulgaria’s caretaker cabinet on Wednesday decided to set up Energy Board to step up reforms in the energy sector with the aim of 
boosting its transparency and market efficiency.

Bulgaria’s interim cabinet said on Thursday winning back the people’s trust in state institutions should be the first step in leading the country out of the current crisis.

The Bulgarian Photovoltaic Association (BPVA) has proposed the establishment of an energy board for the financial stabilization and restructuring of the energy sector.

Meglena Rusenova, BPVA Chair, explained Monday that the proposal had been triggered by the processes taking place in the energy sector over the past few days.