{"id":153,"date":"2026-02-18T13:01:10","date_gmt":"2026-02-18T13:01:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/153\/"},"modified":"2026-02-18T13:01:10","modified_gmt":"2026-02-18T13:01:10","slug":"energeticka-skupina-cez-prohrala-arbitraz-s-bulharskem-o-stovky-milionu-eur","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/153\/","title":{"rendered":"Energetick\u00e1 skupina \u010cEZ prohr\u00e1la arbitr\u00e1\u017e s\u00a0Bulharskem o\u00a0stovky milion\u016f eur"},"content":{"rendered":"

Po necel\u00e9 dek\u00e1d\u011b od zah\u00e1jen\u00ed arbitr\u00e1\u017ee tuzemsk\u00e9 energetick\u00e9 skupiny \u010cEZ proti Bulharsku pr\u00e1vn\u00ed spor o\u00a0stovky milion\u016f eur, co\u017e v\u00a0korun\u00e1ch p\u0159edstavuje \u0159\u00e1dov\u011b miliardy a\u017e des\u00edtky miliard korun, kone\u010dn\u011b skon\u010dil. V\u00fdsledek arbitr\u00e1\u017ee ozn\u00e1mila skupina \u010cEZ v\u00a0hl\u00e1\u0161en\u00ed pro \u010ceskou n\u00e1rodn\u00ed banku.<\/p>\n

Verdikt arbitr\u016f o\u00a0n\u00e1roc\u00edch \u010desk\u00e9 skupiny v\u016f\u010di Bulharsku nebyl pro \u010cEZ p\u0159\u00edzniv\u00fd. \u201eTribun\u00e1l v\u00a0n\u00e1lezu konstatoval, \u017ee a\u010dkoli tyto n\u00e1roky a\u00a0argumenty spole\u010dnosti \u010cEZ byly z\u00e1va\u017en\u00e9 a\u00a0nebyly zjevn\u011b bezd\u016fvodn\u00e9, jedn\u00e1n\u00ed Bulharska nedos\u00e1hlo takov\u00e9 pr\u00e1vn\u00ed intenzity, aby poru\u0161ovalo mezin\u00e1rodn\u011bpr\u00e1vn\u00ed z\u00e1vazky Bulharska vypl\u00fdvaj\u00edc\u00ed ze Smlouvy o\u00a0energetick\u00e9 chart\u011b, a\u00a0tud\u00ed\u017e nebylo spole\u010dnosti \u010cEZ p\u0159izn\u00e1no pr\u00e1vo na n\u00e1hradu \u0161kody,\u201c uv\u00e1d\u00ed \u010cEZ s\u00a0t\u00edm, \u017ee rozs\u00e1hl\u00fd n\u00e1lez nyn\u00ed podrobn\u011b analyzuje.<\/p>\n

<\/a><\/p>\n

\u010cEZ zah\u00e1jil arbitr\u00e1\u017e proti Bulharsku v\u00a0\u010dervenci 2016\u00a0u\u00a0Mezin\u00e1rodn\u00edho st\u0159ediska pro \u0159e\u0161en\u00ed spor\u016f z\u00a0investic ve Washingtonu. O\u00a0t\u0159i roky pozd\u011bji pak byl ustanoven tribun\u00e1l a\u00a0a\u017e nyn\u00ed arbit\u0159i rozhodli. \u201eArbitr\u00e1\u017ee trvaj\u00ed dlouho a\u00a0v tomto p\u0159\u00edpad\u011b \u0161lo o\u00a0slo\u017eit\u011bj\u0161\u00ed p\u0159\u00edpad. Jednak nejd\u0159\u00edve prob\u00edhalo \u0159\u00edzen\u00ed, zda tribun\u00e1l m\u016f\u017ee tuto v\u011bc rozhodovat, a\u00a0pak samotn\u00e9 \u0159\u00edzen\u00ed. A\u00a0pak \u0161lo o\u00a0t\u0159i z\u00e1le\u017eitosti v\u00a0jednom\u00a0\u2013 Varna, distribuce a\u00a0Bara,\u201c dod\u00e1v\u00e1 mluv\u010d\u00ed skupiny \u010cEZ Ladislav K\u0159\u00ed\u017e.<\/p>\n

V Bulharsku toti\u017e \u010cEZ investoval do kontroln\u00edch pod\u00edl\u016f ve t\u0159ech distribu\u010dn\u00edch spole\u010dnostech. N\u00e1sledn\u011b pak koupil \u010dernouhelnou elektr\u00e1rnu ve Varn\u011b. Skupina \u010cEZ vlastnila i\u00a0spole\u010dnost Bara Group, kter\u00e1 p\u0159edstavuje kogenera\u010dn\u00ed jednotku na zply\u0148ov\u00e1n\u00ed biomasy.<\/p>\n

Samotn\u00fd n\u00e1lez m\u00e1 podle K\u0159\u00ed\u017ee n\u011bkolik set str\u00e1nek, s\u00a0nimi\u017e se skupina nyn\u00ed teprve seznamuje. \u201ePak se rozhodneme, co d\u00e1le. Ale u\u00a0arbitr\u00e1\u017ee je to jin\u00e9 ne\u017e u\u00a0soudn\u00edho \u0159\u00edzen\u00ed, zde \u017e\u00e1dn\u00fd klasick\u00fd opravn\u00fd prost\u0159edek nen\u00ed,\u201c uv\u00e1d\u00ed K\u0159\u00ed\u017e. Ten ale ani nyn\u00ed neuvedl, kolik vlastn\u011b \u010cEZ jako n\u00e1hradu po\u017eadoval.<\/p>\n

Ve sporu si skupina \u010cEZ st\u011b\u017eovala na z\u00e1sahy bulharsk\u00fdch instituc\u00ed, kter\u00e9 po\u0161kodily podnik\u00e1n\u00ed skupiny v\u00a0Bulharsku. Skupin\u011b se dlouhodob\u011b nel\u00edbily \u00fa\u0159edn\u00ed z\u00e1sahy v\u00a0oblasti stanoven\u00ed a\u00a0regulace cen elekt\u0159iny.<\/p>\n

Ostr\u00e9 spory m\u011bl \u010cEZ zejm\u00e9na s\u00a0tamn\u00ed Komis\u00ed pro energetickou a\u00a0vodn\u00ed regulaci. Komise nap\u0159\u00edklad spole\u010dnosti CEZ Razpredelenie Bulgaria doru\u010dila 981\u00a0spr\u00e1vn\u00edch rozhodnut\u00ed o\u00a0poru\u0161en\u00ed povinnosti, proti nim\u017e se distribu\u010dn\u00ed spole\u010dnost odvolala. N\u00e1sledn\u011b firma dostala 206\u00a0pokut ve v\u00fd\u0161i okolo 260\u00a0tis\u00edc za ka\u017ed\u00e9 poru\u0161en\u00ed.<\/p>\n

Rozep\u0159e ale m\u011bla skupina \u010cEZ i\u00a0s bulharsk\u00fdm antimonopoln\u00edm \u00fa\u0159adem. Ten j\u00ed dokonce zak\u00e1zal prodat bulharsk\u00e1 aktiva spole\u010dnosti Inercom. Tuzemsk\u00e1 energetick\u00e1 skupina je tak musela nakonec prodat jin\u00e9mu z\u00e1jemci\u00a0\u2013 spole\u010dnosti Eurohold. Ta za sedm bulharsk\u00fdch spole\u010dnost\u00ed zaplatila spole\u010dnosti \u010cEZ 335\u00a0milion\u016f eur.<\/p>\n

<\/a><\/p>\n

Bulharsk\u00e9 \u00fa\u0159ady tak zjevn\u011b skupinu \u010cEZ \u201edrtily\u201c, ale podle arbitr\u016f ne natolik, aby bulharsk\u00fd st\u00e1t musel n\u011bco zaplatit. Gener\u00e1ln\u00ed \u0159editel \u010cEZ Daniel Bene\u0161 v\u00a0minulosti uvedl, \u017ee Bulharsko nen\u00ed st\u00e1tem, kde se standardn\u011b podnik\u00e1.<\/p>\n

Bulharsk\u00e1 investi\u010dn\u00ed anab\u00e1ze \u010cEZ se tak uzav\u00edr\u00e1. V\u00a0dob\u011b vstupu \u010cEZ na bulharsk\u00fd trh v\u00a0roce 2004\u00a0se p\u0159itom jednalo o\u00a0nejv\u011bt\u0161\u00ed zahrani\u010dn\u00ed investici v\u00a0historii \u010cesk\u00e9 republiky. Jej\u00ed v\u00fd\u0161e dos\u00e1hla 281,5\u00a0milionu eur (tehdy t\u00e9m\u011b\u0159 dev\u011bt miliard korun). Za tuto cenu z\u00edskala energetick\u00e1 skupina dvout\u0159etinov\u00e9 pod\u00edly ve t\u0159ech bulharsk\u00fdch distribu\u010dn\u00edch spole\u010dnostech.<\/p>\n

\u0160lo o\u00a0distribuci v\u00a0hlavn\u00edm bulharsk\u00e9m m\u011bst\u011b Sofii a\u00a0jej\u00edm okol\u00ed a\u00a0v Plevenu. V\u00a0roce 2007\u00a0do\u0161lo k\u00a0odd\u011blen\u00ed distribuce od dod\u00e1vek elekt\u0159iny pro koncov\u00e9 z\u00e1kazn\u00edky, \u010d\u00edm\u017e vznikla firma pro distribuci CEZ Razpredelenie Bulgaria a\u00a0spole\u010dnost pro dod\u00e1vky kone\u010dn\u00fdm u\u017eivatel\u016fm\u00a0\u2013 CEZ Elektro Bulgaria. K\u00a0distribuci pak skupina \u010cEZ investovala do zm\u00edn\u011bn\u00e9 elektr\u00e1rny ve Varn\u011b, zdroje na biomasu \u010di do sol\u00e1rn\u00ed elektr\u00e1rny. Zm\u00edn\u011bn\u00e9 firmy byly sou\u010d\u00e1st\u00ed bal\u00ed\u010dku, kter\u00fd od tuzemsk\u00e9 energetick\u00e9 skupiny koupil bulharsk\u00fd Eurohold.<\/p>\n

\u010cesk\u00e1 elita\u00a0\u2013 \u017deb\u0159\u00ed\u010dek nejhodnotn\u011bj\u0161\u00edch firem \u010ceska<\/p>\n

\u010cesk\u00e1 elita 2025<\/a>.\u00a0Klikn\u011bte na banner n\u00ed\u017ee a\u00a0projd\u011bte si po\u0159ad\u00ed nejhodnotn\u011bj\u0161\u00edch firem \u010ceska. Dal\u0161\u00edm kliknut\u00edm na \u0159\u00e1dek v\u00a0tabulce nebo na interaktivn\u00ed grafiku m\u016f\u017eete zjistit podrobnosti o\u00a0firm\u011b.<\/p>\n

Odborn\u00fdm garantem\u00a0\u017eeb\u0159\u00ed\u010dku TOP 100\u00a0\u010cesk\u00e9 elity je spole\u010dnost Deloitte<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Po necel\u00e9 dek\u00e1d\u011b od zah\u00e1jen\u00ed arbitr\u00e1\u017ee tuzemsk\u00e9 energetick\u00e9 skupiny \u010cEZ proti Bulharsku pr\u00e1vn\u00ed spor o\u00a0stovky milion\u016f eur, co\u017e…\n","protected":false},"author":2,"featured_media":154,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[154,151,152,156,43,149,42,41,40,153,150,155],"class_list":{"0":"post-153","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cesko","8":"tag-akvizice","9":"tag-arbitraz","10":"tag-bulharsko","11":"tag-ceska-elita","12":"tag-ceska-republika","13":"tag-ceske-energeticke-zavody-cez","14":"tag-cesko","15":"tag-czech-republic","16":"tag-czechia","17":"tag-distribuce","18":"tag-energetika","19":"tag-uhelna-elektrarna"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=153"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/154"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}