SOFIA, February 2. /TASS/. Bulgarian President Rumen Radev and his Hungarian counterpart Katalin Novak share concerns over the developments in Ukraine, according to their press conference following talks in Sofia.

"We share a common concern in the context of the Ukrainian situation’s development," Radev said, "This conflict is escalating into a global economic clash, which now threatens all of Europe. It is turning into a war of attrition not only for the parties directly involved, but also for Europe, for our economy and social system. We are convinced that a solution to this conflict cannot be achieved by increasing arms supplies, only by showing the will to engage in dialogue and diplomacy. Tensions must be de-escalated and hostilities must cease."

"The crisis has been going on for a year now, and unfortunately, we do not yet see the conditions for peace in Ukraine. But we need to work so that the crisis and military pressure do not escalate further, so that the conditions for a sustainable peace can be created as soon as possible," the Hungarian head of state said.

The leaders discussed bilateral energy cooperation, agreed to work together on energy supplies and pointed to the importance of nuclear energy development.

Katalin Novak is also scheduled to meet with caretaker Prime Minister Galab Donev during her official visit to Bulgaria.