Bulgarian Presidency of the Council of the European Union BG

PRIME MINISTER BOYKO BORISSOV ASKED THE CZECH GOVERNMENT FOR INFORMATION ON THE CEZ GROUP'S DEAL IN BULGARIA

27.02.2018

In a telephone conversation with Czech Prime Minister Andrei Babis, Prime Minister Boyko Borissov asked for the competent Bulgarian authorities be provided with the information that the Czech government has in respect to the sale of CEZ Group's business in Bulgaria. Borissov voiced concerns about the intentions of the company, in which the Czech state owns 63%, in selling its assets to a company that is not well-established on the market. Borissov pointed out that CEZ Bulgaria is part of the national security of the country and the deal, carried out without the necessary transparency, raises serious concerns.

 

Prime Minister Babis pointed out that he was informed by the Supervisory Board of the company that the sale was completely legal and did not pose a risk to any of the parties. Checks were carried out on the buyer in terms of his ability to manage the electricity company in Bulgaria and on the origin of the funds for the payment of the assets, which showed that there are no problems for the realization of the transaction.

 

The Czech Prime Minister expressed his readiness to provide the Bulgarian authorities with the results of the inspections. Borissov announced that he has already ordered the State Agency for National Security and National Revenue Agency to carry out inspections of the buyer and the circumstances surrounding the transaction and has requested the assistance of the Financial Supervision Commission and the Energy and Water Regulatory Commission on the case.