POST Online Media Lite Edition


Bulgaria, Russia to deepen cooperation in energy, tourism

Staff writer |
Bulgaria and Russia agreed to deepen cooperation in areas such as energy and tourism after a bilateral meeting.

Article continues below

In the energy sector, the two countries signed an agreement under which Russia will carry out activities on the extension of the lifespan of one of the two operational reactors of Kozloduy nuclear power plant.

Bulgarian Energy Minister Temenuzhka Petkova told a joint press conference after the signing ceremony that Russia is a very important partner of her country in the field of energy, and its main supplier of oil, gas and nuclear fuel.

The two countries talked about the development of relations in the gas sector and the possibilities for supply diversification, Petkova said.

Sergey Gerasimov, First Deputy Minister of Justice of the Russian Federation, said in turn that energy is one of the important issues in bilateral relationships, and the two countries have found common ground.

He added that the situation is very favorable for increasing the number of Russian tourists to Bulgaria as a very good replacement for Russian tourist flow who had visited Turkey.

Bulgarian Minister of Economy Bojidar Loukarsky said that facilitating the issuing of visas for Russian tourists is under discussion.

According to data from his ministry, in 2014 Russia was Bulgaria's second largest trading partner with a value reaching 6.041 billion U.S. dollars, or 9.3 percent of the total trade turnover of the Balkan country.

What to read next

Bulgaria and Russia will offer joint Black Sea cruises
Russia bans food imports from Bulgaria over forged certificates
Mongolia, China, Russia to boost cross-border tourism