Bulgarian prosecutors, tax authorities investigate electricity distribution companies

Written by on February 27, 2013 in Bulgaria, Business, News - No comments

Three teams of prosecutors and National Revenue Agency (NRA) inspectors were sent to the headquarters of Bulgaria’s three privately-owned electricity distribution companies on February 27, prosecutor-general Sotir Tsatsarov told a news conference in Sofia.

The teams, made of five prosecutors and five tax inspectors each, were given a month to investigate the companies. The focus of such investigations would be the money spent by the electricity distribution companies, including for outsourced activities, as well as verifying that the declared expenditures were real.

Tsatsarov offered no additional details concerning the checks, but said that the investigations were to be independent of each other, each co-ordinated by one prosecutor in charge. The team investigating CEZ in Sofia is led by Roman Vassilev, the team investigating EVN in Plovdiv is led by Roumen Popov and the team investigating Energo-Pro in Varna is led by Vladimir Chavdarov.

Tsatsarov said that the first results of the investigation could be expected by March 22.

At the same news conference, Tsatsarov said that the prosecutor’s office took other steps to diffuse the tension caused by the protests against the high price of electricity, now in their third week.

“Given the ongoing protests, the prosecutor’s office cannot remain in its current state and must again resume its place, in accordance with the constitution, and guarantee the rule of law,” Tsatsarov said.

Specifically, the Supreme Administrative Prosecution made a formal suggestion to the acting Economy Minister, Delyan Dobrev, to exercise force majeure provisions in the Energy Act that allow the ministry, in concert with the State Energy and Water Regulatory Commission (SEWRC), to change electricity prices.

Such a measure is extraordinary and temporary, but it could be exercised until Parliament amended the Energy Act to allow SEWRC to change electricity prices more often than once a year, Tsatsarov said.

(Photo: greenhitma/sxc.hu) 

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