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Czech energy giant seeks Bulgarian exit

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Fed up with cheeky Balkan regulators, ČEZ now looks to Western Europe as it gears up for a boom in renewable energy. “We are shifting our focus,” the company’s chief financial officer, Martin Novák, told Bloomberg this month. “In terms of new assets, the company is now aiming at renewables, and definitely in central and western Europe, rather than in southeastern Europe.” The Czech government owns a majority stake in ČEZ, which Bloomberg says is the largest power producer among the EU’s former communist countries.

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