Nov 30, 2010

Bulgaria before Brussels: Nabucco Guarantee Outside the State Budget



Bulgaria's Prime Minister, Boyko Borissov asked the European institutions that the figures of the bank guarantee that Bulgaria would provide for the construction of Nabucco gas pipeline would not be included in the calculations of Bulgaria's budget deficit. "If we now provide a guarantee of 2 billion euro, the budget deficit will immediately exceed 3 billion," Borissov explained at the inauguration of the Energy without Borders forum. He also said he believed the implementation of the project could be attempted at more accelerated rates. 
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Source: StandartNews

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