Bulgaria, Greece expedite work on energy diversification

AFP PHOTO / LOUISA GOULIAMAKI

The Bulgarian president Rosen Plevneliev and his Greek counterpart Carolos Papoulias met in Athens on 4 July and one of the main topics of their discussion was the gas connection between the two countries. The connection is important for ensuring energy security in the region and its funding has already been arranged.

The two heads of state agreed that both countries will accelerate the work on the projects for energy diversification. Connecting the electricity grids of Bulgaria and Greece is expected to happen in the context of the future single European energy market.

?Bulgaria is the main exporter of electricity to Greece? said Plevneliev and added: ?Further efforts are needed in the construction of joint infrastructure projects, among which is the ?Struma? highway. Bulgaria and Greece can both use more effectively the European instruments for financing regional projects?.

Furthermore, he highlighted the prospects for joint cooperation in the Black Sea region, in particular in tourism development, and recapped that ?Greece is the third largest investor in Bulgaria and Greek companies create over 100,000 jobs?.

Both heads of state agreed that Bulgaria and Greece can be a catalyst for development of the region via their mutual work.

Source: http://www.neurope.eu/article/bulgaria-greece-expedite-work-energy-diversification

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