Bulgarian PM Confident over Belene NPP Arbitration
Bulgarian Prime Minister Plamen Oresharski believes the country will not lose the arbitration case regarding the compensation sought by Russian Atomstroyexport for the cancellation of the Belene Nuclear Power Plant project.
On Wednesday, members of the opposition GERB party warned that Bulgaria is in danger of losing the case as a result of missed deadlines by the current government, citing a letter from the lawyers of White&Case, hired as defense counsel.
Should the Bulgarian side lose the case, the state will have to pay BGN 1B in compensation.
"I am aware that there are problems. I was informed at the beginning of my term that there had been miscommunication between White&Case and the local legal firm which supports them. There is also an issue with the number of witnesses, but these are operational matters that we are trying to work out", commented Oresharski in a parliamentary media briefing.
Earlier on Thursday, Chief Prosecutor Sotir Tsatsarov informed that the prosecution has launched an inquiry to determine whether the Bulgarian state had complied with the procedural requests of White&Case. The results of the inquiry can be expected within several days.
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Coincidently, the current "government" have borrowed the same amount. A Billion BG $, that this MOB in power had applied for with indecent haste as soon as they seized power; and without showing any real justification on why that amount specifically was urgently required and how it was to be used. That was the top priority whilst still reshuffling, restructuring and revanching everything they could get their hands on, and all before anyone had time to get familiar and thoroughly analyse their portfolios and the exact financial situation in BG, and then they all ran off to enjoy their summer holidays.