|Elpetra Energy establishes Elpetra Energy EAD, Sofia, Bulgaria|
On December 1, 2010, Elpetra Energy established Elpetra Energy EAD, Sofia, Bulgaria. The new company is a full subsidiary of Elpetra Energy group of companies. Previously Elpetra Energy was operating in Bulgaria through a registered representative office in Sofia. Establishment of the new company marks the move of Elpetra Energy to a full scale business operation in Bulgaria with the aim to develop our presence in the country by offering custom solutions to local producers, consumers and distributors of energy and petroleum products. Elpetra Energy EAD, Sofia, will as well facilitate our Bulgarian market import and export operations and will gradually take control over all international operations of the group from Elpetra Energy SA, Athens, which will concentrate solely on the Greek market.