Serious progress has been made in the trade and economic sphere, and trade turnover has reached $1.4 billion. There are join projects in the energy, machine construction and light industry spheres.
Energy will be the main but not the only component of Russian-Bulgarian economic cooperation, the Russian President said.
Talking about the gas industry, Vladimir Putin said that Russia intends to increase the amount of gas delivered to Bulgaria. President Pyrvanov also talked of plans to expand the transit of Russian gas to 18 billion cubic metres to Greece, Turkey with an outlet to Italy.