NEWS

Radev at a meeting with EBRD President: Bulgaria is Working for Long-Term Solutions to Ensure Reliability and Autonomy of the Energy Sector

2022-12-05 17:15:00

Bulgaria is working for long-term solutions to ensure reliability and autonomy of the energy sector and to minimise the negative effects of new energy crises in the future, President Rumen Radev said today at a meeting with the President of the European Bank for Reconstruction and Development, Odile Renaud-Basso in Tirana. The head of State is on a visit to Albania to attend the EU-Western Balkans summit.

The President stressed that the transition to a green economy should lead to strengthening the national capacity to generate cheap electricity, which would both meet Bulgaria's needs and support the energy balance in the region. The implementation of the targets set in the National Recovery and Resilience Plan for reducing carbon emissions and storing electricity should be achieved in such a way that the national energy resources, accumulated experience and scientific potential of the country are used to the maximum extent, Radev added. In this regard, the idea of leading Bulgarian universities, scientists and business officials to store electricity by creating an underground power plant in the Maritsa basin region with technology that has already been implemented in some countries was highlighted.

During the meeting, the head of State called for making connectivity in Southeast Europe a priority for the countries of the region as well as for international financial institutions. This, according to Radev, is key to ensuring alternative supply chains, avoiding deficits and subsequent inflation growth. The President reiterated that unlike in Central Europe, the distance between the two Danube bridges connecting Bulgaria and Romania is 300 kilometres, which is not in the interest of the development of the economic ties of the two countries, nor of the EU. 

 

MORE FROM NEWS

Head of State: The Established Strategic Partnership between Bulgaria and Japan Opens the Doors Wide for Japanese Investments in Our Country

24 June 2025 | 17:05
Rumen Radev received representatives of leading Japanese companies who are visiting Bulgaria as a result of the strategic partnership established during the Bulgarian President's visit to Japan

Rumen Radev: The Major Challenge Facing the EU Is to Promote Its Own Production and Competitiveness Globally

20 June 2025 | 14:02
The Head of State holds a meeting with the ambassadors of the EU member states within the framework of the Polish presidency of the union

Rumen Radev: With Adequate Long-term Strategies, Bulgaria Has the Potential to Be a Regional Factor in a Number of Areas

18 June 2025 | 08:08
Ensuring Bulgaria's prosperity and security requires our country to play an active role in the alliances and multinational formats in which it participates, to develop good neighbourly relations, and for the political class to be able to create adequate long-term strategies in various areas. This was stated by President Rumen Radev in the closing part of the second day of the Green Transition forum, which is being held in our country for the fifth year.

The President: It Is Absolutely Unacceptable for an EU Candidate Country, which Loudly Advertises that It Has Long since Met All the Criteria for Membership, to Carry out Legal Prosecutions on Ethnic Grounds

17 June 2025 | 16:04
The Head of State holds a meeting with Ljupcho Georgievski, chairman of the Bulgarian Cultural Centre "Ivan Mihaylov" in Bitola, which was abolished by the authorities in the Republic of Macedonia

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links