The European Bank for Reconstruction and Development (EBRD) announced that it has bought 80 million euros worth of bonds from state-owned Bulgarian Energy Holding (BEH), which recently issued five-year 550 million euros worth euro bonds in order to support the reform of Bulgarian energy sector. The head of energy department of EBRD Nandita Parshad said […]
Fitch Ratings has affirmed the long-term Foreign and local currency Issuer Default Rating (IDR) of Bulgarian Energy Holding (BEH) at BB-, while revising the outlook to stable from negative. The outlook revision reflects BEH’s improved liquidity position following the company’s recent five-year 550 million euros bond issue, which allowed BEH to refinance most of its […]
According to the Bulgarian media, the start of the construction of gas interconnection between Bulgaria and Greece could be delayed by at least six months. Although the project has been labeled as top priority on many occasions by Bulgarian authorities, there are several factors which contributed to the delay of this project. First of all, […]