Bulgaria and Germany Sign Energy Cooperation Declaration in Thessaloniki

Bulgaria and Germany Strengthen Energy Ties

At the opening of the 17th Economic Forum in Thessaloniki, Bulgaria and Germany signed a declaration on cooperation in the energy sector. The document was signed by Bulgarian Prime Minister Kiril Petkov and German Chancellor Olaf Scholz.

Key Points of the Declaration

• The declaration aims to strengthen cooperation in energy security, sustainability, and affordability.
• Bulgaria and Germany will work together to develop renewable energy sources, increase energy efficiency, and promote hydrogen technologies.
• The two countries will also collaborate on energy infrastructure projects, such as the construction of a gas interconnector between Bulgaria and Greece.

The declaration is a significant step in strengthening the energy partnership between Bulgaria and Germany. It is expected to lead to increased investment in renewable energy, improved energy efficiency, and enhanced energy security in both countries.

Bulgaria's Energy Challenges

Bulgaria is heavily dependent on imported fossil fuels, which makes it vulnerable to price fluctuations and supply disruptions. The country has also set ambitious targets for reducing greenhouse gas emissions, which require significant investments in renewable energy and energy efficiency.

The cooperation with Germany is expected to help Bulgaria address these challenges by providing access to advanced technologies, expertise, and financial support.

Germany's Energy Transition

Germany is a global leader in the energy transition, with a strong focus on renewable energy and energy efficiency. The country is aiming to achieve climate neutrality by 2045.

The cooperation with Bulgaria is part of Germany's efforts to promote energy security and sustainability in Europe. By sharing its expertise and technology, Germany can help other countries accelerate their own energy transitions.