site.btaParliament Votes Down Motion for Parliamentary Inquiry of Allegations about Shady Energy Business Empire

Parliament Votes Down Motion for Parliamentary Inquiry of Allegations about Shady Energy Business Empire
Parliament Votes Down Motion for Parliamentary Inquiry of Allegations about Shady Energy Business Empire
Hristo Kovachki at a forum on green transition, Sofia, June 20, 2023 (BTA Photo/Vladimir Shokov)

Parliament Wednesday voted down a proposal for establishing an ad hoc committee to look into allegations for a shady energy business empire owned by businessman Hristo Kovachki. The establishment of a parliamentary committee of inquiry was proposed by MPs of Continue the Change - Democratic Bulgaria.

The motion was prompted by findings of the Anti-Corruption Fund (ACF) regarding the Orion company managed by businessman Hristo Kovachki. The ACF investigation is quoted as revealing illegal financial incentives for civil servants, multi-million tax and social-security fraud , greenhouse gas allowances fraud and leaks of information about upcoming European Public Prosecutor's Office investigations. Documents and witness accounts published by the Fund shed a light on mechanisms that distort the market, harm consumers, compromise energy security, and erode public trust in institutions.

The “for” votes for the motion came from Continue the Change – Democratic Bulgaria; Vazrazhdane; Democracy, Rights and Freedoms; MECh and Velichie, plus 1 vote from GERB-UDF and 2 from BSP – United Left. The abstentions came from GERB-UDF; MRF – New Beginning; BSP – United Left; and There Is Such a People. 

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By 21:03 on 06.06.2025 Today`s news

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