Select a language
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.
Receive the best of European journalism straight to your inbox every Thursday
Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!
