Economy Minister sacks Bulgarian Energy Holding chief executive

Written by on June 19, 2013 in Business - No comments

Bulgaria’s Economy and Energy Minister Dragomir Stoynev has fired Mihail Andonov, the executive director of Bulgarian Energy Holding (BEH), the umbrella corporation for most of the state-owned assets in the energy sector.

Stoynev said in Parliament on June 19 that Andonov was sacked after he lost access to classified information, which in turn was the result of an ongoing investigation by prosecutors.

In April, the prosecutor’s office started criminal proceedings against Andonov, who is investigated for his part in the contracting of outside legal counsel for state electricity utility NEK during the time he served as chief executive of the company in 2011-2012.

“We must observe the law and when there is a pre-trial investigation, he loses access to classified information,” Stoynev said. Without access to classified information, Andonov would not be allowed to visit sites of strategic importance, according to Stoinev.

Stoynev also replaced the other two members of the BEH board of directors – the places of Bozhan Stoyanov and Todor Shopov were taken by Georgi Hristozov and Boyan Boev.

(Dragomir Stoynev photo by Economy Ministry)

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