DSB Party Leader: Big Energy Projects to Fully Bind Bulgaria with Russia

Politics | June 24, 2008, Tuesday // 00:00
DSB Party Leader: Big Energy Projects to Fully Bind Bulgaria with Russia: DSB Party Leader: Big Energy Projects to Fully Bind Bulgaria with Russia DSB Party leader Ivan Kostov stated Tuesday that big energy projects were an "investment megalomania", entirely binding Bulgaria with Russia Photo by Kameliya Atanassova (Sofia Photo Agency)

The Presidential Security Council is making propaganda of the total energy commitment of Bulgaria towards Russia, according to the leader of the Democrats for Strong Bulgaria (DSB) Party Ivan Kostov.

Kostov left the meeting Monday to demonstrate his protest against such binding with Russia.

The DSB leader believes that the Cabinet must develop new energy strategy to account for the global and local hike in fuels' prices.

"The State wishes to turn people's attention away from the real problems such as the Euro funds mishandling and the crisis in Bulgaria's relations with the EU", Kostov had stated, adding that the energy hike in the country was the result of poor energy strategy.

"The consumption of petroleum quantities in Bulgaria per EUR 1000 of the Gross Domestic Product (GDP) is 12 times higher than the one in other EU countries," which, according to Kostov, meant that with the same amount of energy resources the GDP for Bulgaria would have been BGN 700 B instead of the current BGN 64 B.

The DSB leader further called the Cabinet's investment in big energy projects an "investment megalomania" pointing out that all notes he had taken while listening to the Energy Minister's report included constant increases in the cost of the above mentioned projects.

The DSB Party insists that the Cabinet would not undertake any projects without legal valuations of their possible influence on the economy and the environment.

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