My Bulgarian Property, MyBulgaria, Real Estate PM, My Bulgaria Property About Us  |   FAQ  |   Contact Us  |   Happy Buyers  |   Bulgarian Property
Bulgarian Properties Bulgaria Property for agriculture land Property Mortgages property renovation Bulgarian Properties
MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria
MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria Bulgaria Property, Land in Bulgaria, Bulgaria Invest My Bulgarian Property, MyBulgaria, My Bulgaria Property Bulgaria Property, Land in Bulgaria, Bulgaria Invest MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria Bulgarian Properties, Land in Bulgaria, Bulgaria Invest My Bulgarian Property, MyBulgaria, My Bulgaria Property My Bulgarian Property, MyBulgaria, My Bulgaria Property
MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria
MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria
search by title:

MyBulgaria Real Estate, Bulgarian Properties, Property in Bulgaria
My Bulgarian Property, MyBulgaria, My Bulgaria Property
BY PROPERTY TYPE
Properties in Bulgaria, House in Bulgaria
Properties in Bulgaria, House in Bulgaria
BY BASIC LOCATION
CALL US 24/7
+44 (0)20 8133 0500
+359(0)887 534 969
Skype Users
Skype Me™!


News

Bulgaria Govt Boosts Energy Holding with BGN 400 M for Anti-Crisis Measures

by Sofia News Agency www.novinite.com, 07 Dec 2008

Bulgaria's cabinet decided Thursday to increase the capital of the Bulgarian Energy Holding (BEH) by BGN 400 M as a precaution against the potential effects of the global financial crisis, and in order to prepare the merger of the Sofia Heating Utility Company into the holding. The official statement of the BEH issued Friday underscored the fact that the additional BGN 400 M transferred to its capital from the state budget would be used for anti-crisis measures. BGN 160 M will be used to cover any losses that the Bulgarian natural gas provider Bulgargaz would suffer from the rescheduling of debts of Bulgarian businesses at the beginning of 2009. In this way, the effects on Bulgarian businesses of the expected natural gas price increase in 2009 amidst the global financial crisis would be mitigated, the BEH statement points out. The remaining BGN 240 M would be used to prepare the merger of the Sofia Heating Utility Company "Toplofikatsiya" into the BEH. BGN 80 M of these would be used to cover the heating company's debts to Bulgargaz. The other BGN 160 M would be poured into Toplofikatsiya in order to increase its capital in anticipation of the merger. However, the merger would become possible only after sanctions of Bulgaria's Competition Protection Commission and the State Agency for Energy and Water Regulation, which are expected in the coming weeks. The Sofia Municipality recently decided to transfer all of its shares of the Sofia Heating Utility Company to the Bulgarian state in order to let the government assume responsibility for the restructuring of the troubled company, which had been shaken by scandals about public funds abuse in the recent years. The Sofia Heating Utility Company is the largest public heating utility in Bulgaria. It produces over 1 billion kW/h of electricity per year, and has a capacity of 3 000 MW of heating, and 280 MW of electricity production. The Bulgarian Energy Holding was created in 2008 with the merger of five state-owned companies - the National Electric Company NEK, the gas monopoly Bulgargaz, the Maritza Iztok Mines, the Maritza Iztok 2 Thermal Plant, and the Kozloduy Nuclear Power Plant into a EUR 4 B energy giant. The Sofia Heating Utility "Toplofikatsiya" will be the sixth Bulgarian energy giant to join the holding. In October 2008 the government increased the capital of BEH by another BGN 300 M in order to speed up the construction of the country's second nuclear power plant at Belene, which will be run by the National Electric Company NEK.
« all news
My Bulgaria Real Estate, MyBulgarian Property, Property in Bulgaria
My Bulgaria Real Estate, MyBulgarian Property, Property in Bulgaria New Offers
One Good Opportunity – Bulgarian Property - RUS1954 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 8900 EUR
The Gods must be crazy – My Bulgarian Property – RUS5032
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 9700 EUR
LUXURY APARTMENT for Sale in the Heart of RUSE - Bulgarian Property - AP273
Brief: Large apartments for sale in Ruse
Area: 100 sq.m.
Price: 181000 EUR
Agricultural Land - Bulgarian Property - Land in Bulgaria - ALS01
Brief: Agricultural land for sale near Ruse
Area: 1000 sq.m.
Price: 300 EUR
The sweet escape – My Bulgarian Property – RUS7635 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7700 EUR
More than a dream – My Bulgarian Property – RUS31
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 16300 EUR
In the heart of the mountain! – My Bulgarian Property – UN1209
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 27700 EUR
A perfect location – My Bulgarian Property - RUS6728
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 2900 EUR
Welcome to Stara Planina Mountain - My Bulgarian Property - RBP23
Brief: Houses for sale near Veliko Tarnovo
Area: 150 sq.m.
Price: 166000 EUR
Welcome to Yantra River – My Bulgarian Property – RBP02
Brief: Houses for sale near Ruse
Area: 135 sq.m.
Price: 9600 EUR
Get ready to fall in love - Bulgarian Property - RUS1259
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 63000 EUR
Grab the change – Bulgarian Property - RUS1574
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 6500 EUR
Build your dream house near the sea – Bulgarian Property - RUS1539
Brief: Land for sale near Varna
Area: 1300 sq.m.
Price: 22000 EUR
Let the dream come true – VUS1210
Brief: Houses for sale near Varna
Area: 80 sq.m.
Price: 44600 EUR
The first step to your future life – RUS1516
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 14800 EUR
Next to a mountain, a forest and a river – RUS 1273
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 6200 EUR
Ready to possess a hotel on the sea? - SEA 1201
Brief: Hotels for sale near Burgas
Area: 800 sq.m.
Price: 445000 EUR
The perfect one - RUS1260
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 17900 EUR
All Bulgarian Properties >>
Bulgarian Properties
My Bulgarian Property, MyBulgaria, My Bulgaria Property
Favourite Bulgarian Properties
Bulgarian Properties
Bulgaria Property Invest,My Bulgarian Property, MyBulgaria, My Bulgaria Property
Bulgarian Properties
PROPERTY SERVICES
MyBulgarian Properties
My Bulgarian Property, MyBulgaria, My Bulgaria Property
Bulgarian Properties
MORE SERVICES
Bulgarian Properties
© Bulgarian Properties Market / Copyright, 2003-2011, INFO CENTRE Ltd. All rights reserved. web design, multimedia presentations
* Please note that all final prices will be calculated in Euros. My Bulgaria Property
Web Design and Video Production by MasterBird.com  Mybulgaria  Cheap Bulgarian Property  Land Sale  Real Estate