Electricity price hiccups over the last two months seemed timely to attest the required price assumptions for the financial model of the Belene NPP. These days, prices have returned to normal levels, but the idea of higher electricity prices, at par with revenue projections, gained some ground – ostensibly the free market at work. There is a lot in common between the procedural patterns behind the Belene NPP and the Balkan Gas Hub. Most of the activities only nominally happen in the open – formal tender procedure, the rite observed, the end – terms agreed in advance. There is no true competition, no market interplay, no real public scrutiny, just political expediency. Summarizing the main features of the applied policy line in pursuit of a lighter version
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This is the story of an Italian investor who closed his enterprise near Plovdiv. The story was shared with an acquaintance of mine, and it explains why the businessman is leaving the country. The Italian investor started his narrative with a rare admission that, as someone coming from the country that is home to the mafia, it is almost natural for every Italian to “honor” the traditions of oiling administrative and regulatory mechanisms. But back in Italy, says the Italian businessman, we estimate the price for working in our environment at a maximum of 10-11 percent of the business proceeds. Most of us never challenge this – we pay and go on with our lives and work. This is not a new tradition – it has been the