Bulgaria seeks Russian loan to fund nuclear plant construction

Bulgaria will ask Russia for a loan of some 2 billion euros (USD 2.75 billion) to finance the construction of the Belene nuclear power plant over the next two years, the Bulgarian economy minister said Tuesday.

Traycho Traykov said Bulgaria was determined to complete the project because a lot of money had already been sunk into it.

“The government’s strategy from now on will be to get as much economic mileage as possible from every lev that has been invested in the project. We are going to offer incentives that will attract foreign investors,” Traykov said.