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Bulgaria PM proposes 8 pct cut in electricity prices

Source: Thomson Reuters Foundation - Tue, 19 Feb 2013 10:46 GMT
Author: Reuters
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SOFIA, Feb 19 (Reuters) - Bulgaria's prime minister on Tuesday proposed an eight percent cut in electricity prices from March in an attempt to mollify demonstrators who have protested against high bills.

Boiko Borisov said Bulgaria would revoke Czech company CEZ's licence for power distribution in the Balkan country, but he was opposed to renationalising power distributors.

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