The Euro Effect: Austria’s Economy, Nostalgia, and the Path Ahead for Bulgaria
Austria’s transition from the schilling to the euro offers a revealing example for Bulgaria, which is set to adopt the single currency in less than three months
Bulgarian Prime Minister Boyko Borisov (L) and Economy and Energy Minister Delyan Dobrev (R). Photo by BGNES
Bulgarian Prime Minister Boyko Borisov and Economy and Energy Minister Delyan Dobrev are to embark on a two-day visit to Austria on Monday.
Borisov Dobrev will take part in a summit organized by the Nabucco Committee. The future of the Nabucco West gas pipeline project and European Commission's stance on the Suthern Gas Corridor will be among the topics discussed.
The EU-backed Nabucco gas pipeline project is expected to ease Europe's energy dependence on Russia by carrying gas from Central Asia to Western Europe via Turkey, Bulgaria, Romania, Hungary and Austria.
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