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BULGARIA’S PARLIAMENT APPROVED AT FIRST READING A DRAFT LAW FOR SETTLING BELENE PAYMENTS

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On 21st of September, Bulgarian Parliament approved at first reading the provision of an interest-free loan by the government to the state-owned National Electricity Company (NEC) to pay the Russian Atomstroyexport for the equipment produced for Belene...

bulgaria’s parliament approved first reading draft law settling belene payments

On 21st of September, Bulgarian Parliament approved at first reading the provision of an interest-free loan by the government to the state-owned National Electricity Company (NEC) to pay the Russian Atomstroyexport for the equipment produced for Belene nuclear project.

After the approval at first reading, the draft law is subject to a second reading, which is expected to take place early next week.

Bulgaria requires the approval of the European Commission before the funds can be released to NEC.

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