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Bulgaria: "No South Stream is loss to country" says Council Minister01:30

Bulgaria: "No South Stream is loss to country" says Council Minister

Bulgaria, Sofia
December 2, 2014 at 10:13 GMT +00:00 · Published

The Bulgarian Council of Ministers gave its reaction from Sofia on Tuesday about the South Stream project, with Deputy Prime Minister for European funds and economic policy Tomislav Donchev saying Bulgaria is "losing from the absence of this investment." He added that the potential loss of the gasline project would have a negative impact on Bulgarian companies, workers and tax payments.

Minister of the Economics Bozhidar Lukarsky also stated on Tuesday that there had been "no opinion" from the Russian side on whether Bulgaria will lose out to the South Stream project, stating the country needs to "wait for the official position" from Russia in order to be able to officially "comment."

Russian President Vladimir Putin said on Monday in Turkey that Bulgaria is not acting like an "independent state" by delaying the South Stream project, and advised for the southeastern European country to demand a loss of profit damages from the European Commission.

The South Stream project was intended to transport Russian gas through the Black Sea to Bulgaria and through Serbia, Hungary, Slovenia and Austria. Russian gas giant Gazprom began construction of the onshore facilities for the pipeline in 2012.

Bulgaria: "No South Stream is loss to country" says Council Minister01:30
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The Bulgarian Council of Ministers gave its reaction from Sofia on Tuesday about the South Stream project, with Deputy Prime Minister for European funds and economic policy Tomislav Donchev saying Bulgaria is "losing from the absence of this investment." He added that the potential loss of the gasline project would have a negative impact on Bulgarian companies, workers and tax payments.

Minister of the Economics Bozhidar Lukarsky also stated on Tuesday that there had been "no opinion" from the Russian side on whether Bulgaria will lose out to the South Stream project, stating the country needs to "wait for the official position" from Russia in order to be able to officially "comment."

Russian President Vladimir Putin said on Monday in Turkey that Bulgaria is not acting like an "independent state" by delaying the South Stream project, and advised for the southeastern European country to demand a loss of profit damages from the European Commission.

The South Stream project was intended to transport Russian gas through the Black Sea to Bulgaria and through Serbia, Hungary, Slovenia and Austria. Russian gas giant Gazprom began construction of the onshore facilities for the pipeline in 2012.