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22.05.2007 | Bulgaria
S&T modernises IT of E.ON BulgariaS&T Bulgaria together with E.ON Bulgaria create a successful IT future.Growth Potential As a part of E.ON Energie AG, E.ON Bulgaria has been involved with regional Bulgarian providers Varna and Gorna Oryahovitsa since the 67% takeover in February 2005. In the beginning of 2006, the company transferred 8% of its shares in both companies to EBRD. Together, E.ON Bulgaria and EBRD service have more than 1.1 million clients in the north-east of the country, supply almost 4.9 TWh of energy, and have a market share of approx. 25%. Parent company E.ON is the world largest private energy supplier with a turnover in excess of € 56 billion and has about 80,000 staff worldwide. With the market liberalisation starting in Bulgaria from January 2007 onwards, E.ON Bulgaria has even more opportunities for growth. Experts anticipate that E.ON Bulgaria will become the leading private energy supplier in Bulgaria. Target Industry: Energy Suppliers The energy supply branch has been one of S&T target industries and is addressed in a focused and reinforced manner across the whole Group. In addition to E.ON Bulgaria, S&T clients also include Romgaz in Romania, Electric Power Distribution in Belgrade/Serbia, as well as various Austrian companies, e.g. OMV, Wien Energie, STEWEAG, Linz AG and Verbund. 'Like us, E.ON is a West European company with strong branches in Eastern Europe. In addition, E.ON also unites local know-how with international experience in a targeted way,' explains Christian Rosner, CEO of S&T AG. IT Market Bulgaria Bulgaria, a member of the EU since 1 January 2007, with its 7.7 million inhabitants is one of the smaller states in Europe. The country annual economic growth is about 6%. Experts predict an annual growth rate of 8% to 10% for foreign investments. With a growth 14.8% 2007 (EITO), the Bulgarian IT market is one of the most dynamic ones in Europe. The forecast for the IT services market is similar: 9.1% of market growth in 2007, 16.5% in 2008. S&T in Bulgaria S&T Bulgaria was founded in 1993 among the first subsidiaries of the corporation. S&T has three offices in Bulgaria (Sofia, Varna, Plovdiv) with about 46 employees. S&T Bulgaria offers the whole S&T services portfolio, is firmly established in the local market and has well-known Bulgarian companies as customers. Caption: E.ON is the world largest private energy supplier Copyright: E.ON Bulgaria |
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Petra Götz-Frisch
Head of Corporate Communications Tel.: +43 1 367 8088 1024 Cell: +43 664 60191 1024 |


