Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Economy Minister: Both Bulgaria, Romania to Profit from South Stream
Date: 16/10/2010
Economy Minister: Both Bulgaria, Romania to Profit from South Stream

Both Bulgaria and Romania might profit from South Stream, stated Bulgarian economy minister Traikov, commenting on views that the two countries are competing for a place in the Russian project.

Speaking in an interview for the Bulgarian National Radio, Traikov stated that there are many opportunities for the route of the South Stream pipe and that there are possibilities for branches from the main route that can lead to neighboring countries like Romania.

Friday Gazprom CEO Alexei Miller came to Bulgaria to negotiate details on South Stream, before which he visited Romania and signed important memoranda that renewed speculations about a possible competition between the two neighboring countries.

Minister Traikov commented that the document signed in Bucharest is the same as the one signed by Bulgaria back in 2008 and that Bulgaria is at a much more advanced stage in negotiations with the Russian party than Romania.

Traikov vowed Bulgaria is committed to the project, with a model of investment split in half between it and Russia.

He stressed that the South Stream project is moving according to schedule. The next steps are the creation of the Russian-Bulgarian joint venture for the project, as well as the conducting of a full pre-investment analysis.

The latter will include the full details of the costs related to the project and the investments each party needs to make.

The Bulgarian economy and energy minister further revealed that the project company will be headed by a Bulgarian national.

Regarding the route of the South Stream pipeline, he said it is not fully determined, but stays according to initial plans. In particular, this means that the pipe would cross the Bulgarian-Serbian border nearby Zajcar and not Dimitrovgrad, as Serbia has insisted.

Traikov further commented that matter regarding the price of Russian natural gas for Bulgaria is not connected with South Stream negotiations.


Featured District
Invest Bulgaria Charts
Real GDP Growth of Bulgaria
Real GDP Growth of Bulgaria

Producer Price Index of Bulgaria (change %)
Producer Price Index of Bulgaria (change %)

See all charts
Did You Know?
Cost of transportation in Bulgaria
Cost of transportation in Bulgaria
A ticket for the city bus and for the subway in Sofia costs about 30 Euro cents. ... More

The town of Hissarya is located in the centre of south Bulgaria in the outskirts of Sredna Gora Mountain. Having 22 different mineral springs, Hissarya is a world-famous health resort.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members