NNRF Inc (NNRI)

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HUGE POTENTIAL FOR NNRI:

Russia and Bulgaria Ink Several Contracts

Sofia, Jan 18 (Prensa Latina) Presidents of Russia and Bulgaria, Vladimir Putin and Georgi Parvanov respectively, signed eight bilateral cooperation agreements Friday, among which is for construction of a nuclear plant and an oil pipeline.


The agreements signed during Putin s official visit to Sofia refer to bilateral issues in energy, culture, transport and tourism.



The nuclear plant is valued at 5.88 billion dollars, will be located in Belene, on the banks of the Danube River, and will be the first work by the Russian group Atomstroyexport in a European Union member country.



At the end of the conversations, Russia and Bulgaria also signed another agreement for the participation of Bulgaria in the Russian-Italian gas pipeline project "South Stream" that begins in Russia and passes through the Black Sea.



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