The Minister of Regional Development and Public Works, Arch. Ivan Shishkov, is changing the form of management of the state-owned company "Bulgarian Water and Sanitation Holding" - from a two-tier to a single-tier, a new board of directors has been appointed, and the executive director, Irena Georgieva, has been replaced. Under the umbrella of "Bulgarian Water and Sanitation Holding" are 27 water companies, in which the state owns from 51% to 100% of their capital. A large part of them are in a difficult financial situation and in recent years the megastructure created during the GERB era with a capital of over 1 billion leva has become a bank that distributes loans to troubled water operators. Data from the financial report show that the available funds at the Water Holding's disposal are 455 million leva by the end of 2025. The expected credit losses are in the amount of 565 million leva. The reason is that the water operators cannot repay the loans granted. Instead of an 8-member Supervisory and Management Board, now "Bulgarian Water Supply and Sewerage Holding" will be managed by a 5-member Board of Directors. Venelin Denchev Shakov has been elected executive director of the Water Holding. Plamen Tsvetkov Manolov, who was removed days earlier by Sports Minister Encho Keryazov as executive director of the "National Sports Base", has been elected chairman of the board of directors. Manolov has managed the state-owned company that manages all major sports bases for a decade, with the accumulated loss of NSB reaching 30 million leva. Former Minister of Ecology Manol Trifonov Genov is also joining the board of directors of the Water Holding as an independent. The 66-year-old socialist has experience in the Water Supply and Sewerage sector, having been executive director of Plovdiv Water Supply and Sewerage years ago. Another former BSP MP is joining the board of directors of the water holding, but as a representative of the state. This is 49-year-old Lyubomir Boykov Bonev, who is an engineer by profession. He is the manager of "Industrial and Logistics Zone - Pernik" EAD, and together with his wife Verka he has shares in the companies "M Control" and "Stroykompekt AB". Lawyer Yavor Vladimirov Stoychev is the fifth member of the Board of Directors of the Water and Sewerage Holding, as a representative of the state. He is 37 years old and is an active participant in several companies, including "Prima Lex Consult", "Stoychev Accounting Services", "Star Jobs" - for personnel selection, "Solutions 2026".
Source: mediapool.bg (06.07.2026)

The management of ViK Burgas has been replaced by a decision of the Board of Directors of "Bulgarian ViK Holding", announced the state holding, which is the principal of the water operator. The decision comes after the previous head of ViK Burgas, Tsvetan Mirchev, and the employee of the "Construction" department, Ilcho Boev, were detained and accused of intentional mismanagement, with which they caused damage to the company for 303,281 euros. The new Board of Directors of ViK Burgas is appointed temporarily until a competition is held. Eng. Zlatina Dimitrova has been proposed as executive director. Dimitar Atanasov remains the Chairman of the Board of Directors. Economist Nikolay Ivanov, who has many years of financial and management experience in a number of private companies, has been elected as a member of the board. The board also includes Yani Bulanov and Eng. Ginka Dobreva.
Source: mediapool.bg (21.07.2026)

Deals of the company "ViK Energy Group", a subsidiary of Bulgarian ViK Holding, will be given to a prosecutor because it "accumulated losses in vicious purchases of electricity", announced the Minister of Regional Development Ivan Shishkov. Three unprofitable contracts during the previous government led to damages of 2.5 million euros, two have already been terminated, work is underway to terminate the third. "ViK Energy Group" was established in the fall of 2021 to buy electricity at the lowest possible prices for all ViK companies under the umbrella of ViK Holding. Instead of buying electricity profitably directly on the energy exchange, when it is cheapest, "ViK Energy" concludes long-term contracts with three intermediary companies. The price in them is fixed and above the market price, which guarantees profits for private traders at the expense of the state-owned "Energy". The most damaged companies are ViK Plovdiv, Sliven, Yambol, Shumen, which need more energy for their pumping stations. The manager of ViK Energy Group, Kovach Ganev, has been fired, but is not relieved of responsibility. The three contracts in question were concluded during his time.
Source: Sega (21.08.2026)

Engineer Atanas Barzev is the new manager of "Water Supply and Sewerage" EOOD – Haskovo, the Bulgarian Water and Sewerage Holding EAD announced. Barzev replaces Engineer Nenko Dervenkov in the role. Barzev has previously served as manager of the Haskovo water utility twice—from 2006 to 2010 and from 2013 to 2015. He has also managed "ViK Yovkovtsi" OOD in Veliko Tarnovo and served as the mayor of Harmanli Municipality (1995–1999). "Water Supply and Sewerage" EOOD – Haskovo is one of the holding's largest companies in terms of service area, covering 5,533 square kilometers. The company serves a population of 206,000 people across the region's 11 municipalities.
Source: Maritsa (15.09.2026)