EVN Group
Bulgaria will not Pay EUR 500 Million to EVN
The arbitration case brought by EVN against Bulgaria at the International Center for Settlement of Investment Disputes (ICSID) at the World Bank in Washington is over, writes Capital.
The decision has not yet been published, but the Austrian firm has announced that it will not be paid the damages sought, which, according to unofficial information, was about 500 million euros.
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EVN Puts Gorna Arda Hydro Power Cascade on Hold
EVN AG has informed all stakeholders the project for the realization of the Hydro Power Cascade is put on hold.
In a statement, EVN says the announcement comes "in relation to its legal obligations as a Vienna Stock Exchange listed company."
This is reported in the financial report of EVN AG for the first quarter of 2016/17.
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Power Distributor EVN Bulgaria Welcomes New Regional Manager
As of January 1, 2015, power distribution company EVN Bulgaria will have a new Regional Manager, Robert Dick.
Robert Dick replaces Jörg Sollfelner, whose five-year term in office expires.