Expats

Bulgaria Charges 2 Ex Top Officials over Belene Nuclear Plant Project [Apr 25, 2012] The Sofia City Prosecutor's Office has started a procedure against two former CEOs of the Bulgarian National Electric Company NEK over the controversial project for a second Bulgarian nuclear power plant in Belene. The two former CEOs of NEK Lyubomir Velkov and Mardik Papazyan are to be charged for incurring losses worth EUR 200 M under the contract for the construction of the Belene NPP between ... [via YahooNews] More >>

Bulgaria's Electric Co with New CEO [Mar 28, 2012] The financial director of Bulgaria's National Electric Company, NEK, Ivo Lefterov, is temporarily taking over the company. Lefterov will be acting CEO of NEK until the conclusion of the job competition, Deputy Minister of Economy, Energy and Tourism, Valentin Nikolov, announced Wednesday. The latest reshuffle became necessary because NEK CEO, Mihail Andonov, was appointed over the weekend as ... [via YahooNews] More >>

Bulgaria's National Power Utility to Seek 15% Price Increase [Mar 26, 2012] The National Electricity Company (NEK) is expected to seek a price increase of at least 15% from July 01, according to Mihail Andonov, the new Director of the Bulgarian Energy Holding (BEH). In a Monday interview for the Bulgarian National Radio (BNR), Andonov explained that the electricity prices approved by the State Commission for Energy and Water Regulation (DKEVR) for the regulatory period ... [via YahooNews] More >>

Rosatom Offers Bulgaria Yet Another Extension of Belene NPP Contract [Mar 23, 2012] Russia's state-owned nuclear corporation Rosatom has made it clear it is ready to agree on yet another extension of the contract with the Bulgarian government for the construction of the Belene nuclear power plant. The currently active extension of the 2006 deal between Bulgaria's National Electric Company NEK and Rosatom's subsidiary Atomstroyexport is set to expire at the end of March 2012 ... [via YahooNews] More >>

Bulgaria, Russia Agree on New Nuclear Project Delay [Oct 03, 2011] Bulgaria and Russia have reached an agreement to extend the negotiations over Belene nuclear project by another six months as of the beginning of October amidst continuing haggling over its price and feasibility. Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, signed on September 30 a new annex extending by the end of March 2012 their contract for ... [via YahooNews] More >>

Bulgaria Begs Russia for New Nuclear Project Delay [Sep 27, 2011] Bulgaria has approached Russia with a request to extend the negotiations over Belene nuclear project by another four months as of October, the economy minister has said. At the beginning of July Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, signed an annex extending by three months their contract for the construction of two 1,000 megawatt nuclear ... [via YahooNews] More >>

Bulgaria Still Hopeful for Belene NPP despite Counter Suits with Russia [Aug 20, 2011] Even though it is tangled in counter-suits with Russia, Bulgaria's government still hopes that the talks for the Belene nuclear power plant project have a future, Mihail Andonov, head of the Bulgarian National Electric Company NEK has indicated. Andonov's milder statement comes a day after NEK declared that the Russian state company Atomstroyexport had failed to comply with the ultimatum issued ... [via YahooNews] More >>

Bulgaria Moves to Sue Russia as Belene NPP Ultimatum Expires [Aug 18, 2011] Russian state company Atomstroyexport has failed to comply with the ultimatum issued by Bulgaria's National Electric Company NEK, with the latter now moving to suit the former over unsettled equipment claims for the Belene NPP project. The new development comes in spite of the fact that last week Bulgaria and Russia started negotiations on their claims for one another over delayed payments for ... [via YahooNews] More >>

Bulgaria: Russian Roadmap for Belene NPP Non-Binding, Focus on Talks! [Aug 17, 2011] Bulgaria's National Electric Company NEK has responded to Russia's Atomstroyexport that the roadmap the Russians proposed for the troubled Belene nuclear plant project cannot be accepted as a legally binding document. "The reaching of a final agreement and the signing of a contract for the Belene NPP will depend on the results of the negotiations in the joint financial working group. The key ... [via YahooNews] More >>

Bulgaria Govt Steers Clear of Russia's Lawsuit over Belene [Jul 26, 2011] Bulgaria's government will not meddle with attempts to settle the troubled ties between the state utility NEK and Russia's state nuclear company, the economy minister has said. "The National Electricity Transmission Company (NEK) will respond to the claim by Atomstroyexport to the best of its interests," Economy and Energy Minister Traicho Traikov told reporters on Tuesday. Minister Traikov ... [via YahooNews] More >>

Bulgaria, Russia Extend Belene NPP Deal by 3 Months, Russian Funding Mulled [Jul 02, 2011] Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, have signed an annex extending by 3 months their contract for the construction of the Belene NPP, which should become the second Bulgarian nuclear power plant. The new "Annex No. 13" to the 2006 contract between the two state companies was inked late Friday night, the Bulgarian Ministry of Economy ... [via YahooNews] More >>

Bulgaria May Decide on Belene Nuclear Plant after June 1 [Apr 19, 2011] Bulgaria's government may be forced to extend the deadline, until when the Russian contractor wants to be decided whether to push ahead with building a nuclear power plant at Belene, the energy minister has said. Bulgaria's main electricity utility NEK and Russia's state-owned Rosatom Corp. have been in talks since the beginning of the month on extending an accord to build a 2,000 megawatt ... [via YahooNews] More >>

Bulgaria, Russia officially freeze construction of nuclear power plant for 3 months [Apr 06, 2011] Bulgaria and Russia have signed a memorandum to stop construction of the Belene nuclear power plant for three months, Bulgaria's National Electric Company (NEK) said here on Tuesday. [via YahooNews] More >>

'Last-Minute' Bulgaria-Russia Talks on Belene Nuclear Plant Drag On [Apr 01, 2011] The last-minute talks between Bulgaria's NEK and Russia's Rosatom over the fate of the Belene nuclear plant project, which were supposed to be concluded Thursday night, have dragged on. According to the press center of Bulgaria's National Electric Company NEK, there is "nothing to report" about the talks in Sofia, while Bulgarian Economy and Energy Minister Traicho Traikov told BNT that the ... [via YahooNews] More >>

Bulgaria Mulls Mega-Stricture for Water Supplies at Flat Price [Feb 11, 2011] Bulgaria should establish a national state-owned company, which will group all big water management firms and supply tap water to each and every settlement at equal prices, officials from the country's regional development ministry have suggested. "We suggest that one major state-owned company, modeled on the state power utility NEK, takes over under its umbrella the ownership of all highway ... [via YahooNews] More >>

Bulgaria Again Offered Nuclear Plant Financing [Dec 14, 2010] GOVEDARTSI, Bulgaria ? Bulgaria needs to reach a deal with Russia on the price of a planned nuclear plant at Belene before it decides how to proceed with the 2,000-megawatt project, the executive director of state power utility NEK said. [via YahooNews] More >>

Bulgaria, Russia strike new deal on Belene nuclear plant [Nov 30, 2010] Sofia - Bulgaria and Russia on Tuesday singed a memorandum of understanding to finalize the troubled Belene nuclear plant project. The Bulgarian National Eclectric Company (NEK) and the Russian Rosatom will form a joint venture for Belene within four months, with Sofia holding 51 per cent of its capital. [via YahooNews] More >>

Bulgaria, Alpine Bau Stike Deal on Problematic Hydro-Power Plant [Oct 22, 2010] Bulgaria's National Electric Company NEK and Austrian construction company Alpine Bau sealed a deal under which the latter agreed to knock EUR 10 M off the price of the project. [via YahooNews] More >>

Bulgaria Hopes for Deal with Austria over Troubled Hydropower Project [Jul 19, 2010] An agreement over the construction of Gorna Arda hydropower project in southern Bulgaria, between Austrias energy firm EVN and Bulgarias dominant state power utility NEK will be on the agenda during the visit of the prime minister in Vienna. [via YahooNews] More >>

Bulgaria National Electricity Company Appoints New Head (Novinite.com) [Feb 01, 2010] Bulgaria?s National Electricity Company (NEK) has appointed a new executive director - Krasimir Parvanov. He replaces current executive director Georgi Mihov in the top position. [via YahooNews] More >>