Four Business Associations Publicize an Open Letter regarding amendments to the Energy Act and the Renewable Energy Act

Position Paper

Advantage Austria in Bulgaria, American Chamber of Commerce in Bulgaria, British Bulgarian Business Asociation and Confindustria Bulgaria sign an open letter in regards to the amendments to the Energy Act and the Renewable Energy Act. The Chambers consider these changes contrary to the basic principles of European and Bulgarian legislation and that they will threaten the financial stability and security of the existing investments in Bulgaria and in the whole energy system and create conditions for applying non transparent practices.

The Chambers declare their support to the efforts of KEVR to conduct an independent regulatory policy in the public interest; they believe that the proposals would rather have a negative impact to finding effective decisions for all stakeholders.

You can find the full text of the letter in BG and EN.