ČEZ allowed to keep its license in Bulgaria

The Czech power giant ČEZ will be allowed to keep its license to operate in Bulgaria, after the country’s energy regulator confirmed there was no reason to revoke it. Earlier this year, Bulgarian authorities launched an investigation into whether ČEZ was unfairly increasing electricity prices to its customers in response to widespread public protests that triggered the fall of the centre-right government. ČEZ rejected claims of irregular practices and said that if its license was revoked it would take the matter to a European court of law.

Author: Jan Velinger