‘ČEZ must say goodbye to Bulgarian billions’

Published on 20 February 2013 at 10:41


Czech electricity group ČEZ might lose 10bn crowns (€400m) worth of investment in Bulgaria, after the Sofia government announced it will revoke the company’s licence.

Bulgarian Prime Minister Boiko Borisov ordered the licence be cancelled in an effort to calm 10 days of violent protests against high energy prices, by promising on February 19 to slash electricity bills and punish foreign-owned power companies for their high prices.

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