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SOFIA, October 25 (Itar-Tass) — The Bulgarian government intends to sign the South Stream gas pipeline project agreement with Russia on November 9, Bulgarian Prime Minister Boyko Borisov has told Itar-Tass in an exclusive interview.
“South Stream is an example of a project beneficial to both sides. When we met with President Vladimir Putin, I told him that we have no objections to this project and it will be signed,” Borisov said.
“We have the results of feasibility studies for South Stream. We know that its profitability rate will be at a level of eight percent, while the Europe’s average is four percent. We plan to put our signature to the treaty on the project on November 9 to let Russian gas get into Europe,” Borisov said.
On the eve of the Russian president’s visit to Bulgaria Borisov described the current relations with the Russian head of state as matching the modern political trends.
“I suggested meeting in our seaside capital, Varna, with the aim to visit the gas compressor station there. We might preserve the tone of our relations and the understanding. I believe these are the distinguishing traits of modern politics,” Borisov said.