Financial and business news from Bulgaria

Debt agreement reached of “plumbing” - Dobrich and “plumbing” - Shumen

There is no danger that the residents of Dobrich and Shumen will be left without water, as the debts of the two “plumbing” companies to Energo - Pro Varna EAD will be repaid. The management of Bulgarian Plumbing Holding EAD and the electricity distribution company reached an agreement on 29 September to clear liabilities amounting to BGN 10.5 million by 9 October this year - the Ministry of Regional Development and Public Works reported.
Energo-Pro Varna EAD committed during this period not to implement the timetable for discontinuation of the power supply of “plumbing” - Dobrich and “plumbing” - Shumen. And the holding - to conclude contracts with them for granting credit for payment with Energo - Pro Varna EAD.

The obligations of the water companies in Dobrich and Shumen have accumulated over the past years as the water in both districts is extracted through pumps. At the same time, the price of the VIK service can not exceed the threshold of social tolerance.

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