CSD-Report 22 - Energy and Good Governance in Bulgaria. Trends and Policy Options
CSD-Report 22 - Energy and Good Governance in Bulgaria. Trends and Policy Options

Author(s): Ruslan Stefanov, Valentina Nikolova, Dobromir Hristov, Assen Dyulgerov, Kiril Gegov, Georgi Kaschiev
Subject(s): Politics / Political Sciences, Politics, Social Sciences, Economy, Energy and Environmental Studies, Sociology, Economic policy, Economic development
Published by: Център за изследване на демокрацията
Summary/Abstract: The report explores the major deficiencies in the strategic, institutional, and legal framework of the Bulgarian energy sector. The analysis of the management of state-owned energy companies and large energy infrastructure projects reveals the disregard for even the most fundamental principles of accountability and control in their planning and implementation. This has affected negatively the Bulgarian taxpayers and consumers, has jeopardized the financial stability of the state-owned energy companies, and, ultimately, has reduced the energy security of the country. The report recommends that the implementation of the large energy infrastructure projects be reconsidered and be based on a sound cost-benefit analysis with regard to Bulgaria’s energy security.

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