
Closer cooperation in the energy and transport sectors dominated a meeting in Athens on Thursday between Greek Prime Minister Kyriakos Mitsotakis and his visiting Bulgarian counterpart Nikolay Denkov, who arrived in the Greek capital at the head of a high-ranking Sofia government delegation.
Both neighboring countries already enjoy close cooperation in the specific sectors, with the emphasis now being on an expansion vertical energy and transport routes from the Aegean to eastern and central Europe. Along those same lines, greater cooperation in the RES field was discussed.
A center-piece of bilateral cooperation is the 182-kilometer IGB gas pipeline, featuring a design capacity of three billion cubic meters of natural gas per year. The pipeline has boosted energy connectivity and security in the wider region, and will will soon tap into the near-completion FSRU facility in the Gulf of Thrace.
In other matters, Mitsotakis congratulated Denkov over an extension of Schengen visa access for Bulgaria (and Romania), which will come into effect next March. The Greek PM said he looks forward to the full application of the Schengen area benefits for Bulgaria, “including land borders, which are naturally very important for our bilateral relations and trade.”
Denkov praised what he called the excellent strategic relations in various sectors, including defense, and cited the need to accelerate bilateral projects.
Accompanying Denkov, a noted chemistry professor, were Bulgarian Deputy Premier and Foreign Affairs Minister Mariya Gabriel, Finance Minister Asen Vassilev, Environment & Water Minister Julian Popov and Energy Minister Rumen Radev.
Source: tovima.com


Latest News

PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.