Bulgarian PM: Enticed Foreign Investors Shock for Opposition

Domestic | August 31, 2012, Friday // 13:11|  views

Prime Minister, Boyko Borisov, and Economy and Energy Minister, Delyan Dobrev, are proud of their recent good work in the energy sector. Photo by BGNES

The BGN 40 M that would flow to the State budget from the contract with French Total, Austrian OMV and Spanish Repsol for oil and gas exploration in the Black Sea will be used for roads, schools, and sports facilities.

The statement has been made by Prime Minister, Boyko Borisov, during the cabinet's weekly meeting, as it emerged for the published shorthand notes.

"Do not eye this money Vladi, because I have already slated it for roads, schools and sports and other facilities. Do not smile at it," Borisov says speaking to Deputy Finance Minister, Vladislav Goranov.

When addressing his ministers, the PM further brags about the good work he had done, assisted by Economy and Energy Minister, Delyan Dobrev, pointing as example the signing of the contract with the US Westinghouse Electric Company to perform a feasibility study on a potential seventh unit at Bulgaria's Kozloduy Nuclear Power Plant.

Another source of pride for Borisov and Dobrev is the signing of the agreement with the Russian energy company Gazprom finally sealing the 11% natural gas price discount for Bulgaria. The PM notes that the move amounts to savings of USD 115 M in "living money," adding it also led to scheduling the November date for the signing of the contract for the South Stream gas pipeline.

"In just days, several investors, top global companies and leaders in their sectors are coming to Bulgaria for the horror and shock of the opposition. These are some of the biggest US, Russian and European businesses, meaning "hard days" are again looming for us," the PM concludes.

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Tags: Prime Minister, Boyko Borisov, Economy and Energy Minister, Delyan Dobrev, oil and gas exploration, exploration rights, concession, French Total, Austrian OMV, Spanish Repsol, Kozloduy NPP, Belene NPP, Valentin Nikolov, Unit 7, Westinghouse, Areva, Mitsubishi, Risk Engineering, Worley Parsons, feasibility study, Nuclear Power Plant, seventh unit, Kozloduy, Gazprom, natural gas, South stream, Alexander Medvedev, discount


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