Bulgaria and Romania sign memorandum of understanding on cross-border cooperation

Signing a memorandum of understanding on cross-border cooperation means EUR 260 million in European funds in favor of the Bulgarian and Romanian citizens, Romanian Prime Minister Emil Boc said after the Bulgarian and Romanian ministers in charge – Rosen Plevneliev and Elena Udrea – signed the memorandum.

Boc added the two countries had reached an agreement to ask for a deadline extension of the ISPA financial memorandum, which finances a large part of the Danube Bridge II construction.

The priorities he pointed out are construction of bridges and new hydroelectric power stations, cooperation in regional energy exchange, and connection of the two countries’ gas and energy systems.