EVN to Get Support by State Secretary

People ♦ Published: March 29, 2013; 17:33 ♦ (Vindobona)

State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.

EVN to Get Support by State Secretary / Picture: © Flickr / The Austrian Foreign Ministry

The Austrian power company which also operates in Bulgaria is claiming compensation from the Balkan state. According to EVN the flat rate withholding tax for the feed-in of renewable energy were regulated insufficiently. Thus, EVN would suffer from loss in earning in the amount of € 51.13m (more than RON 100m), as stated in an announcement last week. From EVN's viewpoint, the result…

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