Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
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)
NEWS BY SECTOR
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)

Bulgaria Won't Drop South Stream Project
BULGARIA WON'T DROP SOUTH STREAM PROJECT
Date: 20/06/2012
Source: novinite.com
Bulgaria Won't Drop South Stream Project

Bulgarian Economy and Energy Minister Delyan Dobrev has ruled out the possibility of Bulgaria exiting the South Stream gas pipeline project.

"Currently, there is no danger of Bulgaria not participating in South Stream," Dobrev told reporters on Thursday.

"We support the South Stream project. We believe it is profitable for Bulgaria, but we have to specify all the details," he added.

The Economy and Energy Minister explained that the Bulgarian part of the project will be financed by loans, which would decrease the investment risk for the Bulgarian Energy Holding.

Dobrev further revealed that the successfully negotiated 11% discount on prices of Russian natural gas will be worth a total of USD 115 M.

On June 8, Dobrev said Bulgaria was still having disputes with Russia over the ways to finance the construction of the South Stream gas transit pipeline, and the allocation of the profit.

Back in November 2010, the state-owned Bulgarian Energy Holding and its subsidiary Bulgargaz signed a contract with Gazprom to create a joint venture, South Stream Bulgaria, in which both own 50%, and which is supposed to be in charge of the construction and operation of the pipeline in Bulgaria. According to estimates from that period, Bulgaria's participation in South Stream is to cost about EUR 400-500 M.


Topic: Economy



Featured District
VIDIN DISTRICT AND CITY INFORMATIONVidin
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

Foreign assets of Bulgaria
Foreign assets of Bulgaria

See all charts
Did You Know?
American University in Bulgaria
American University in Bulgaria
The average SAT score at the American University in Bulgaria is 1280 points! ... More

Pazardjik is situated in South Bulgaria, in the central part of the Higher Thrace valley, on the north of the Rhodope mountain, at the two banks of river Maritsa. The both sides of the river Maritsa and its feeders have been formed to a low, but not widely flowed ledge. Here are the best alluvial soils of the field.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 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.


Лимузини под наем Electric and Hybrid Modules Repair SEO оптимизация Bulgaria Translation Bulgarian Agriculture
Bulgarian Textile BestFlowers.bg 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