CEZ Bulgaria EAD

CEZ Distribution Bulgaria, majority owned by Czech power utility group CEZ, said on Monday its non-consolidated net profit rose to BGN 20.8 million in the first half of 2017, from BGN 11.8 million in the like period of 2016, SEE News Reports.

Czech power group Energo-Pro has submitted an offer for the Bulgarian assets of power utility CEZ Group, the company's Bulgarian subsidiary Energo-Pro Varna told SeeNews on Monday.

"We cannot provide further details as the procedure is still ongoing," Energo-Pro Varna's PR and marketing director Petya Popova told SeeNews in an e-mail.

Karel Kral is the new CEO of power distributor CEZ Bulgaria EAD.

As of October 1, 2015, Kral takes over for Petr Dokladal, who headed the company over the past 5 years, according to a media statement of the power distributor.

Dokladal becomes Regional Manager at CEZ Turkey.

Power distributor CEZ Bulgaria EAD has reported a negative financial result of nearly BGN 11.6 M in the first half of 2014.

CEZ Electro Bulgaria AD reported a loss of nearly BGN 6.6 M, while CEZ Distribution AD registered a loss of around BGN 5 M in H1, 2014, according to a media statement of the company.