Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

CASPIAN

Bulgaria Ratifies Nabucco Agreement, Hungary Gets Serious On South Stream

The Bulgarian parliament on 3 February ratified the intergovernmental agreement (IGA) for the proposed Nabucco Gas Pipeline project signed last July in Istanbul (MEES, 20 July 2009). Bulgaria is the second consortium partner to ratify the agreement. Hungary ratified the agreement last October and the other signatories Austria, Romania and Turkey are expected to...