Russia agreed to grant Bulgaria a loan of 3.8 billion euros for the construction of NPP Belene on the Danube River. Russian Prime Minister Vladimir Putin proposed creating a joint company that will deal with implementation of the NPP Belene. According to the agreement signed 51 to 100 of the future of the company belongs to the Bulgarian investor – the National Electric Company, and 49 to 100 – German investor RWE. At the moment, RWE is in talks to signing a contract with Russian company Inter Rao UES, a trading power, as well as with the two Swedish and one Finnish company. NEC has signed an agreement on the construction of the Belene nuclear power plant with Russian company Atomstroyexport, which won the tender for executing the project.
The first reactor is likely to be commissioned in 2014. Another example of investment in Bulgarian real estate: already it is no secret that Moscow Mayor Yuri Luzhkov invested huge sums in building resorts in Bulgaria. It is a complex of tourist facilities in a picturesque area of Kamchia – International Children’s recreation center and treatment and rehabilitation database for pensioners and war veterans. The global financial crisis has not affected the plans of Luzhkov, the project is well underway. In March of this year, Russian veterans of labor and World War II has rested on the Black Sea in Kamchia coast. The Russian government thinks about and purchase other land and property in Bulgaria.