Bulgarian energy boss back in court for BGN 16m tax evasion Following a decision of Bulgaria's Supreme Court of Cassation, the case against Bulgarian energy boss Hristo Kovachki over charges of BGN 16 million tax is back in court just a year and a half after the businessman was acquitted. The three-judge panel of the Supreme Court, headed by Judge Ivan Nedev, returned the case to the Court of Appeal for reconsideration sue to alleged procedural breaches. Kovachki, whose party failed to win seats in 2009 parliamentary election, has diverse business interests, ranging from manufacturing to banking and from energy to retail, novinite.com noted. Owning the Thermal Plants "Maritsa-Iztok 3" in Dimitrovgrad and "Bobov Dol", several mines, as well as the heating utilities in Vratsa, Burgas, Veliko Tarnovo and Pleven, the grocery chain "Evropa" and the "Atomenergoremont" company, Kovachki is believed to be one of the richest men in the Balkans, novinite.com informed. The media outlet also noted that if found guilty, part of Kovachki's propertycould be confiscated.
Source: Standart (12.09.2013)

Bulgargaz sues Heat Supply Vratsa for BGN 2.3 million State gas company Bulgargaz brought a lawsuit against Heat supply Vratsa for about BGN 2.3 million. Heat supply Vratsa owes to Bulgargaz about BGN 6 million that has been accumulated in 2013. The state company is to look for its claims by court order only in cases that it can’t negotiate for small deferment or rescheduling. Total value of current obligations of different companies to Bulgaraz is to the amount of BGN 131 million. Of them more than 90% are owed by six companies - Heat Supply Sofia, Heat supply Vratsa, Heat supply Pleven, Heat supply Burgas, Petrich Greenhouses and gas distribution company Industrial gas supply - Sliven.
Source: investor.bg (14.12.2013)