In December 2021 the Bulgarian Parliament adopted a moratorium on electricity, water supply and heating prices on the regulated market. The moratorium was imposed due to the record high electricity prices on the Independent Bulgarian Electricity Exchange ("IBEX") and the expected adjustments in the prices on the regulated market applicable to household customers. The Bulgarian Energy and Water Regulatory Commission ("Regulator") has been prevented from taking any action regarding these price increases until 31 March 2022 by virtue of the moratorium.
TBK Announces Appointments and New Name: Tsvetkova Bebov & Partners
Tsvetkova Bebov Komarevski has changed its name to Tsvetkova Bebov & Partners, following the departure of Ilya Komarevski. Aside from the new name, the firm announced that Victoria Tzonkova and Damyan Leshev were elevated to Partner, while Eleonora Mateina was appointed to Head of Competition and Pharmaceuticals.
Croatia to Start Renewables Auctions for Large-scale Projects in Spring 2022
Last week two key regulatory changes took place that will have important implications for future development of the Croatian renewable energy market.
Matkovic & Partners Opens Sierra Leone Office
Serbian law firm Matkovic & Partners has announced it opened an office in Freetown, Sierra Leone.
Energy Agency of the Republic of Serbia Adopted Rules on Prevention of Abuse in Electric Energy and Natural Gas Market
On 28 October 2021, Energy Agency of the Republic of Serbia (“AERS”) adopted Rules on prevention of abuse in electric energy and natural gas market (“Rules”), that were published in the Official gazette of the Republic of Serbia 103/2021. The Rules are drafted in line with the Decision of Ministerial Council of the Energy Community no. D/2018/10/Mc-EnC, implementing Regulation (EU) No 122712011 of the European Parliament and of the Council on wholesale energy market integrity and transparency.
Liberalization of the Fuel Market in Slovenia – Evaluation of the impact of Price Transparency
When in September 2020 the Slovenian government decided that price control measures in the fuel products market were no longer necessary and fully liberalized the market, one of the expected benefits was a positive impact on the price competition.
Antoniya Markova, Daniela Petkova, Yoanna Ivanova, and Kostadinka Deleva Make Partner at Gugushev & Partners
Antoniya Markova, Daniela Petkova, Yoanna Ivanova, and Kostadinka Deleva have been appointed as Partners with Gugushev & Partners in Bulgaria.