Bulgaria PM proposes 8 pct cut in electricity prices

SOFIA Tue Feb 19, 2013 5:46am EST

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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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