Тwo more chapters, this time from NEC

The CEO of NEC Lyubomir Velkov and Executive Director of the company Papazyan Martin will be released from their posts by the end of the week. This was announced by the Bulgarian energy holding company.

One of the main reasons for the removal of both is poor management of NEC, which is about half accumulated losses amounting to 42 million, said one member of the Board of Directors of the Holding Tencho Popov.

Tencho Popov: Since the beginning of the year, sales fell by 8% NEC. In parallel, the company cut its costs by 2%. Unfortunately the leadership of the NEC does not give us the opportunity to appreciate his actions as professional, management has not taken the necessary steps to bring this company from this state. And it not only has not done that, but continues to deepen the problem of its impact.

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Finance