Bulgarian state-owned electricity company NEK invited candidates to
file bids for seven contracts for provision of financial services, it
said in a tender notice.
Each candidate can file a bid for only one contract, NEK said in a procurement notice posted on its website.
Bids must be submitted no later than February 10.
In May 2013 the Bulgarian government approved new regulations capping
the net exposure of majority state-owned companies to a single lender at
25% of the company's total cash assets. The regulations aimed to
improve the management of the state companies' funds, to ensure the
diversification of financial resources and to curb the risks stemming
from the concentration of exposures.
(www.hbcbg.com, Jan. 31, 2014)
(www.hbcbg.com, Jan. 31, 2014)
