Surprise moves at top levels
The Board of Directors of the Bulgarian Stock Exchange has appointed Dian Boev to replace Konstantin Konstantinov as CEO of Bulgaria's Independent Energy Exchange (IBEX). Boev's appointment, made without a formal selection process, grants him a six-month mandate during which a competition must be held to select a permanent board member to abide by public enterprise regulations.
Although IBEX is crucial for electricity trading in Bulgaria, its leadership change is not expected to significantly impact the market, as transactions are increasingly automated. Boev, a lawyer with a master's degree in European and international economic law, has worked in regulatory and energy law but lacks extensive industry experience.
Private complaint raises public concern
The European Prosecutor's Office has filed charges against the owner and manager of a company that supplied nine trolleybuses worth 4.5 million euros to the city of Vratsa. The case was triggered by a private complaint and one that national authorities had not identified or reported.
Prosecutors allege that the supplier falsely claimed the vehicles were from a Polish company to win the tender. However, evidence shows that, in reality, they were purchased from a Belarusian state-owned firm later sanctioned by the EU for supporting Russia's war against Ukraine. If convicted, the accused face prison sentences ranging from two to eight years under Bulgarian law.
Turkish drones not a delight
The director of the Border Police, Anton Zlatanov, stated that implementing an anti-drone system along the Turkish border is "absolutely necessary" following a recent drone incident that raised security concerns at Sofia Airport. A concept for border protection has been developed, and a public procurement process for the Bulgarian-Turkish border has already been completed, awaiting state funding.
The system is expected to cost less than 70 million levs. Zlatanov also noted that no state-owned anti-drone systems currently protect strategic sites, including the Kozloduy Nuclear Power Plant. It would be also important to note that Bulgaria has local producers of anti-drone systems, which are used worldwide and are manufactured by Samokov military producer Samel-90.
Surprise moves at top levels
The Board of Directors of the Bulgarian Stock Exchange has appointed Dian Boev to replace Konstantin Konstantinov as CEO of Bulgaria's Independent Energy Exchange (IBEX). Boev's appointment, made without a formal selection process, grants him a six-month mandate during which a competition must be held to select a permanent board member to abide by public enterprise regulations.
