Sofia News Agency: Bulgaria 'Not Losing' over South Stream Demise

South Stream Bulgaria head Dimitar Gogov has downplayed recent comments that Sofia would suffer thousands of millions of BGN in losses after the gas pipeline project was suspended last week.

Gogov told private national channel bTV projected revenues would be EUR 448 M if South Stream had not been abandoned, but added the sum was not the country's profit, but general cash flow.

Russian President Vladimir Putin had said while in Ankara last week that Bulgaria would lose EUR 400 M yearly after Moscow dropped South Stream over Sofia's reluctance to unfreeze construction.

Officials from the formerly ruling socialist party had echoed his comments, though Vasil Shtonov, who was caretaker Economy Minister until November 6, put the profit at EUR 54 M.
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