Of the initial capital of 1 billion leva provided by the state, as of mid-February 2025, the Water and Sewerage Holding has 448.8 million leva in its accounts. "Bulgarian Water and Sewerage Holding" is a company that was established in early 2020, participating as a shareholder in 27 Water and Sewerage companies, in most of which it is the full owner of the capital. "Bulgarian Water and Sewerage Holding" has granted a total of 108 loans with a total agreed amount of up to 762 million leva to the Water and Sewerage operators. A total of 50 of the loans are "for the repayment by the Water and Sewerage operators of current and overdue liabilities to main suppliers in the total amount of 124 million leva". Another 56 loans are for the implementation of water projects, including under European programs. The total amount of infrastructure loans is 575.6 million leva. Two loans were granted to "Water and Sewerage Energy Group". This company was established to trade in electricity on the Bulgarian Independent Energy Exchange solely for the needs of the subsidiaries of "BViK Holding" water supply companies. The share capital of 12 subsidiaries was increased by 170 million leva, and the authorized capital was contributed upon the establishment of "ViK Energy Group" in the amount of 1 million leva.
Source: Capital (11.03.2025)

The state-owned company "Automagistrali", which allocates billions for road construction, will have a new member of the board of directors - Kamen Manev, by a decision of a meeting of the company's board of directors. Konstantina Atanasovska was dismissed from her position and Manev was elected as a new board member in her place. Manev was a member of the supervisory board of "Bulgarian Water and Sanitation Holding" from May 30, 2024 to April 1, 2025, according to a reference in the Commercial Register. He was in office during the official cabinet of Dimitar Glavchev, when Violeta Koritarova - Kasabova was regional minister and principal of the holding. Otherwise, Manev was the executive director of "Sofia Properties" in the period 2009-2012, and was dismissed by a decision of the Sofia Municipal Council in 2012. Between May 2008 and July 2012, he was on the management board of "Sofia Water". In the past, he was in the management of "First Private Trading House", a partner in "Elmashexport-Engineering", and between 2008 and 2011 he was on the management board of the now defunct company "Medinex". Manev was also a co-owner of "Balkanagroresurs", also now closed.
Source: Capital (03.04.2025)

The Deputy Mayor for Investments of Pleven, Kaloyan Kadriyski, has been temporarily appointed as the manager of "Water Supply and Sewerage" (VS) Pleven until a competition is held. The previous manager, Eng. Kliment Todorov, has been dismissed from the Management Board of "Bulgarian Water Supply and Sewerage Holding" EAD. For the third consecutive year, the Pleven region has been under a heavy water regime, and the Pleven municipality administration has planned only 1 million leva for water supply and sewerage repairs. Last week, the government proposed, and the parliament adopted, a reshuffle of the state budget, which revises the investment program of Pleven, so that over 10 million leva will go to water projects.
Source: mediapool.bg (07.10.2025)

The Commission for Energy and Water Regulation (KEVR) has determined the rate of return on equity capital of "Sofiyska Voda" JSC at 13 percent. for the regulatory period 2027-2031. When calculating, report on the circumstances of the concession agreement between the Metropolitan Municipality and the company for the provision of water supply and sewerage services on the territory of the municipality. For the rest of the operators, the norm is determined by the coefficient for each group - large, medium, small and micro operators. The KEVR report notes that some of the large and medium-sized companies with state-owned capital have increased in 2023-2024. with the decision of "Bulgarian ViK Holding" EAD with a total amount of 86,528 mln. BGN Among them are "ViK" - Yambol, Smolyan, Stara Zagora, Sliven, Pernik, Kardjali, Burgas and Silistra. Construction and assembly activities related to the increase in the project, financed by OP "Okolna Sreda 2014-2020". Additional capital of "Kyustendilska voda" EOOD has increased from 3.28 mln. 34 mln BGN, and "ViK" EOOD - Sofia with 34 mln. BGN in order to compensate for accumulated losses and provide funds for investment and repayment of obligations to "Bulgarian ViK Holding". At the same time, five water and sanitation operators ("Water Supply and Sewerage" Ltd., Haskovo, "Water Supply and Sewerage - Shumen" Ltd., "Water Supply and Sewerage" Ltd. Dobrich, "Water Supply and Sewerage" EOOD, Smolyan and "Water Supply and Sewerage - Vidin" EOOD) report negative values ??of their own capital in the total amount of -49,238 mln. BGN (the main asset is the value of "ViK-Shumen" OOD in the amount of BGN 32,518 million). Six companies ("Water Supply and Sewerage - Shumen" OOD, "Water Supply and Sewerage - Sliven" OOD, "Water Supply and Sewerage" OOD Dobrich, "Water Supply and Sewerage" OOD, Pernik, "ViK" OOD, Kardzhali and "Water Supply and Sewerage" OOD, Smolyan) report current losses for 2024. in the amount of 36,056 mln. BGN, as the largest to "ViK" - Smolyan (-22,131 million BGN).
Source: BTA (09.10.2025)

Next year, the Bulgarian government, supported by GERB, DPS-New Beginning, BSP and ITN, is set to take on huge loans that significantly exceed the funds needed to cover the budget deficit and refinance old debts. Almost according to the same scheme as this year, the cabinet plans to inject part of the new debt into the capital of state-owned companies, presenting this operation as an investment, not as budget expenses. In this way, the authorities both circumvent the problem of inflating the deficit and secure serious sums for dubious spending. Although the deficit set in the draft budget for 2026 is 3.649 billion euros (3% of GDP), the government is proposing that the National Assembly approve a 10.440 billion euro ceiling on the new debt. This is almost two billion leva more than this year's limit of 18.9 billion leva, which has already been almost reached. The report to the draft budget makes it clear that next year the deficit and maturities on old debts (1.4 billion euros) require financing of a total of 5.03 billion euros. However, the cabinet wants to withdraw twice as much debt, with the remainder of 5.4 billion euros to be booked under the line. The Ministry of Finance points out that of the 10.440 billion euros in new loans in question, 3.261 billion will go as investments in defense, as Bulgaria has already announced its intention to take advantage of the EU's SAFE mechanism to strengthen the European defense industry. Thus, 2.2 billion euros remain from the new debt, part of which will be used to raise the capital of eight state-owned companies, it is clear from a list attached to the draft budget. In the same way, 5 billion were poured this year. BGN in the Bulgarian Development Bank and BEH, secured by loans, without this being reflected in the expenditure part, and hence in the budget deficit. The largest expenditure of EUR 407 million is planned for the creation of the joint venture between VMZ Sopot and Rheinmetall. The investment in the defense industry is in equipment, plans, a know-how package, personnel training, etc. Another EUR 260 million is intended for the establishment and capitalization of a new commercial company with 100% state participation under the Ministry of Economy and Industry. The government plans to increase the capital of the Water and Sewerage Holding by EUR 200 million, with which the holding can co-finance water projects under the Environment program in the next two years (until 2027), as well as emergency measures against water shortages. A new 127.8 million euros will be poured into BEH, after this year the capital of the state energy holding has already been increased by 1.5 billion leva. The new financial injection will be invested in "activities for technical reclamation of the disturbed terrain of the "East Maritsa Coal Basin" deposit, i.e. to preserve the jobs of the miners from Maritsa East Mine. The capital of "Sofia Tech Park" will be increased by 25 million euros for the construction of an "Artificial Intelligence Factory" (AI Factory – BRAIN++) and the development of the Discoverer++ supercomputer. Another 25 million euros will go to the construction and equipment of the National Children's Hospital. An increase in capital by 1.237 million euros is also planned for the "St. Panteleimon" Hospital in Yambol for a new hospital block. There are also plans for ˆ25 million to increase the capacity of the FLAG fund, which finances municipal investments in areas such as water and sanitation, energy efficiency and urban development. Even after all these capital increases, there remains nearly ˆ1.2 billion of planned new state loans for next year, for which it is unclear what they will be used for if they are withdrawn.
Source: Sega (06.11.2025)