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    Financial Times: Borisov defends pipeline deal with Russia

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Bulgarian PM Boyko Borisov defends country's agreement with Russia to build South Stream saying it will create jobs and transit fees will allow the government to pay higher pensions to the public. No state money would go into the Bulgarian sector of the pipeline

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Financial Times: Borisov defends pipeline deal with Russia

Bulgaria’s prime minister has defended his country’s agreement with Russia to build the controversial €16bn South Stream gas pipeline across his country, saying it has better prospects than a Brussels-backed rival plan and will benefit Europe.

Boyko Borisov said no state money would go into the Bulgarian sector of the pipeline to bring Russian gas under the Black Sea and through the Balkans, which would be project-financed and receive no state guarantee from Sofia.

“It will create jobs in Bulgaria,” Mr Borisov told the FT. “The next [government] will collect transit fees [on gas transported through the pipeline] and will be able to pay higher pensions and build museums and sports stadiums.”  MORE

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