Bulgaria to Pay EUR 0.55 B to Russian Co over Abandoned Nuclear Project

An arbitration suit in Paris has ended with Bulgaria being forced to pay EUR 550 M to Russia's Atomstroyexport, Bulgarian Prime Minister Boyko Borisov has said.
He has told reporters that his "biggest fears" are gone after the ruling. The sum is nearly fifty percent of the one demanded by Atomstroyexport after a previous government, also led by Borisov, announced it was ditching the Belene Nuclear Plant project.
The country will now have to provide the money to purchase the equipment Atomstroyexport had produced for the plant.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria-Serbia Gas Interconnector Officially Inaugurated by Presidents Radev and Vucic
- » Ukraine Expresses Continued Interest in Purchasing Belene NPP Equipment
- » Bulgaria Poised to Emerge as Energy Storage Hub: Economy Minister's Talks in South Korea
- » Bulgaria: No Compensation Owed for Recent Power Outages Caused by Snowfall
- » Speculations Mount as SOCAR Emerges as Likely Buyer of Lukoil Neftohim Burgas Refinery
- » Bulgarian Finance Minister Assures No Fuel Shortage Amid Lukoil Refinery Sale Consideration