Borisov Demands Suspension of Bulgaria Energy Project Talks

Politics » DOMESTIC | July 10, 2009, Friday // 12:25| Views: | Comments: 0
Bulgaria: Borisov Demands Suspension of Bulgaria Energy Project Talks Boyko Borisov. Photo by Sofia Photo Agency

Bulgaria's likely new PM, Boyko Borisov, has sent a letter to the current Economy and Energy Minister Petar Dimitrov stating that he wants all energy project talks to be put on hold.

In the letter Borisov states that his GERB party has received reports that the current government and national companies are not taking the difficult situation the global financial crisis and Bulgaria's interests as a whole into concern during the negotiations for Bulgaria's largest energy projects, including the South Stream pipeline and Belene nuclear power plant.

Borisov listed concrete demands in the letter including the suspension of a procedure for a EUR 100 M loan to the Bulgarian Energy Holding and the suspension of talks regarding the Russian South Stream gas pipeline and the funding for the Belene NPP. He also states that he does not want any contracts to be signed by the current government for the South Stream pipeline.

He concluded that negotiations would be resumed after his financial advisors had fully studied the details regarding the individual energy projects and loan procedures.

The three-large scale Russian-sponsored energy projects put forth by the outgoing government of the Socialist PM Sergey Stanishev are the Burgas-Alexandroupolis Oil Pipeline, the South Stream gas transit pipeline, and the Belene Nuclear Power Plant.

Right-wing politicians and analysts have criticized these projects because they allegedly advanced the geopolitical influence of Russia led by Putin and Medvedev, at the expense of the EU and the West.

Domestic » Be a reporter: Write and send your article
Tags: Boyko Borisov, South stream, Belene NPP
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria