Bulgaria Against EVN: Politics with Electricity

Views on BG | April 7, 2014, Monday // 14:42|  views

Photo by BGNES

The price Bulgaria could pay for its threats to power distributors is high, Austrian newspaper Der Standard wrote on Sunday.

The author, Markus Bernath, argues that going to court, answering to the European Commission and facing the polls at the same time could be dangerous to the country.

He says that Bulgaria's fidgeting with the suspension of licenses and "re-nationalization" of foreign power distributors operating in the country (which include Austrian EVN), severely affects Europe's poor but mainly Europe's investors.

Bernath also writes that those who do not provide secure environment to economy is considered "uninteresting".

Bulgaria, which is "an important hotspot for energy supplying in Europe", is compared to a scene from a variety show: "socialist-era state-owned firms, where the same ten managers are in charge and which are always at a deficit; foreign power distributors, which in a year were ordered three times to lower electricity price, acting as cash cows; solar and wind plants for those lucky in politics who benefit from the green dogma and plunder the country."

The previous conservative government was not any better, Bernath says, but it was toppled down over energy protests of citizens, something which presently ruling socialists are seeking to evade.

Markus Bernath is an expert in East European and Turkish affairs, who has also published articles on the infight between economic circles in Bulgaria.

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Tags: Bulgaria, EVN, power distributors, license


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