Petar Iliev

Rally Driver Dies, Co-Driver Injured after Heavy Crash Near Bulgaria's Tvarditsa

Driver Todor Slavov died after suffering a heavy car crash at the Tvarditsa-Elena rally racing, which was taking place in Bulgaria over the weekend.

The incident happened shortly after the start of the second and last day of the rally on Sunday, 6-7 kilometres after Tvarditsa in the direction of the town of Elena.

New Electricity Prices Will Increase Loss of Bulgaria's National Power Co to BGN 400 M - CEO

Bulgaria's state-owned power utility will close the year at a loss of BGN 350-400 M if the new electricity prices enter into force as of July 1, according to Petar Iliev, CEO of the National Electric Company (NEK).

NEK says in an official media statement that the new electricity tariffs are illegal.

Bulgaria's National Electric Company Spends Most on Green Electricity

Bulgaria's National Electric Company (NEK) spends the most on renewable energy and the least on electricity produced by the Kozloduy Nuclear Power Plant (NPP), according to Petar Iliev, Executive Director of NEK.

Iliev appeared Wednesday at a hearing before the ad hoc parliamentary committee on establishing the current situation in the energy sector.

Bulgarian Energy Holding Conducts Top-level Reshuffle at Several Companies

The Board of Directors of the Bulgarian Energy Holding (BEH) has carried out a top-level reshuffle at a number of state-owned energy companies.

Georgi Hristozov and Georgi Zlatev have been removed from the Board of Directors of the Maritza Iztok mines (Mini Maritsa Iztok EAD) and are to be replaces by Dian Chervenkondev and Nikolay Dikov, according to a media statement of BEH.

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