President Plevneliev: British Interest in New Bulgarian Offshore Natural Gas Deposits Would Be Appreciated
Thursday, 12 March 2015
Interest by British companies in the new natural gas deposits in the Bulgarian Black Sea maritime space would be appreciated, said President Rosen Plevneliev during a forum here on Wednesday with the British "GREAT Mega Mission" business delegation.
The delegation includes over 50 British businesses in the nuclear energy, oil and gas, transport infrastructure, and water and environment sectors and will explore business opportunities on offer in Bulgaria. The companies were in Bucharest on Monday and arrived in Sofia on Wednesday.
Plevneliev noted the good cooperation with Britain in the energy sector and natural gas extraction, among other economic sectors. "We would be happy if there were more British investments," he said, adding that the best conditions will be provided regarding concessions which are just entering their decisive phase.
In his speech, Plevneliev noted that Britain is an important trade and economic partner of Bulgaria and British investors are highly valued. Bilateral trade is registering sustainable growth of ten per cent each year, reaching 860 million euro in 2014. Britain is the fifth largest investor in Bulgaria with investments exceeding 2.1 billion euro.
The new Bulgarian Government has set serious goals and ambitions for reforms, the President said. There is the Bulgaria 2020 national development programme, there are clear ambitions for reforms in structural sectors, Bulgaria is strategically locatedand a very attractive investment destination, offering a perspective market.