ČEZ still has license in Bulgaria

The Bulgarian energy regulator announced on Wednesday morning that although proceedings aimed at revoking the distribution license of Czech energy company ČEZ have been launched, a final decision has not been made. The regulator announced that it will continue to look into possible wrongdoings and will hold hearings with the company’s shareholders in April. Czech Finance Minister Miroslav Kalousek denied the allegations of the Bulgarian authorities that ČEZ broke a number of regulations while operating in the country.