Bulgaria Energy Holding Has Bought 77 Luxury Cars in 2009

Bulgarian Energy Holding (BEH) has bought 77 luxury cars since the beginning of 2009.

The BEH defended the purchases, saying the contract was announced on their website in April and that the cars were necessary for the subsidiaries of the company.

Three companies gave documents to the BEH to take part in the open process for the supply of the cars, including Industrial Commerce and Porsche-Bulgaria. The 77 cars were all Hyundai, Volkswagen or Iveko and had an average price of BGN 60 000, bought on 5 year leasing deals.

Bulgaria's Prime Minister, Boyko Borisov, announced Friday morning that his government was going to shut down BEH which was formed as a mega energy structure by the Socialist government in 2008, uniting all major state-owned energy companies.