The day in 3 news: Denkov-Gabriel cabinet approved; Petkov’s immunity also sought; NEC records BGN 1 billion in profits

The day in 3 news: Denkov-Gabriel cabinet approved; Petkov’s immunity also sought; NEC records BGN 1 billion in profits

© Цветелина Белутова


Denkov - Gabriel cabinet gets voted in

The government of WCC-DB and GERB was approved by the National Assembly with the votes of the two largest groups, joined by two iconic figures from DPS - its leader, Mustafa Karadai, and Delyan Peevski, the deputy sanctioned for corruption under the Global law Magnitsky. So, after a ten-month break, Bulgaria finally has a regular cabinet.

Of the 240 members of Parliament, 200 took part in the vote on the government with 131 votes in favor and 69 against. The leader of There is such a people Slavi Trifonov immediately demanded the resignation of the newly elected government. In a video message on his Facebook profile, published four minutes after the deputies' approval, he blasted it as the most immoral and unprincipled government voted in since 1989.

After Borissov and Vazrazhdane, Prosecutor's office seeks Petkov's immunity

The Sofia District Prosecutor's Office has proposed to chief prosecutor Ivan Geshev to request from parliament the immunity of co-chairman of WCC and former prime minister Kiril Petkov. The request refers to a deputy with the initials K.P., who is also a former prime minister.

The proposal was made in connection with an investigation into the citizenship declaration of Petkov, submitted on the basis of Art. 110 of the constitution. At the time, Petkov was acting minister of the economy in Stefan Yanev's office - in what was the first of a series of acting governments appointed by the president. Controversy erupted when he signed a document declaring that he only had Bulgarian citizenship when he was still a citizen of Canada.

NEC's profits exceed BGN 1 billion in 2022

The National Electric Company reported a huge profit thanks to high prices of the exchange current and the production of the hydropower plants managed by it. The company's annual report shows that the positive financial result before taxes increased by 71.5% to BGN 1.18 billion compared to 2021. The company's net profit was BGN 1.08 billion compared to BGN 650 million a year earlier.

This is also good news for NEC's liabilities, which are decreasing rapidly. Loans are also shrinking. Until recently, NEK had over BGN 4 billion in liabilities and was considered to be on the verge of technical bankruptcy due to the difficulty of servicing them. Towards the end of the year however, they decreased by 36.2%, and their total amount is now BGN 2.6 billion. Long-term liabilities to related parties also decreased by 23.6% to BGN 1.6 billion.

Denkov - Gabriel cabinet gets voted in

The government of WCC-DB and GERB was approved by the National Assembly with the votes of the two largest groups, joined by two iconic figures from DPS - its leader, Mustafa Karadai, and Delyan Peevski, the deputy sanctioned for corruption under the Global law Magnitsky. So, after a ten-month break, Bulgaria finally has a regular cabinet.

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