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Alexander Nikolov: The contract with "Botash" is the most prominent violation of politics in the "Energy" sector for the last 2 years.

"Bulgargaz" should work according to normal market rules, but it works as a political tongs, believes the former Minister of Energy

Apr 25, 2024 09:22 423

Alexander Nikolov: The contract with "Botash" is the most prominent violation of politics in the "Energy" sector for the last 2 years.  - 1
< p>What was most troubling "Bulgargaz" in recent years, is extreme political inadequacy and control over an economic entity that should operate under normal market rules, but works as a political tongs. This has not started since 2022 or 2023. This was stated in the BNT studio by Alexander Nikolov, former Minister of Energy.

"If you want to understand what the current situation is, you have to start much earlier. Wishful thinking, it would be very nice if some rulers do things as they promised during elections."

He commented that he had access to the documents and reports of "Bulgargaz" both from ministries and services.

"The contract with "Botash" is the most prominent violation of the policy followed in the last 2 years in the "Energy" sector. I don't know why no service has come forward to take advantage of this, you see what a spectacular job they have done. It is clear who benefits from the bankruptcy of "Bulgargaz". Those who are currently capturing the market shares and those who have potentially received some corrupt shares from this massive damage. There is access to the documents. "Why are you silent?" asked Nikolov.

Regarding "Botash" Nikolov stated:

"The bill is paid by us as consumers - either through debt or through running costs. The problems are entirely related and dependent on Bulgaria and the Bulgarian government - be it a company, be it a holding, be it at the political level.

The utility of the contract is 0. Damages through costs, and huge ones at that. If a product costs BGN 3 and the delivery of the product should be 2%, and you decide, quite by chance, to fix the price of transport, not as a percentage of the product, but as a fixed cost that makes the product practically unsalable in the specific country, simply you cannot use this item. The contract leads to over 60 million losses in the first six months. In the first of 26 semesters. According to the report of "Bulgargaz" there are huge losses and zero utilization of capacity," added the former energy minister.