Financial and business news from Bulgaria

Bulgaria joins the OECD Nuclear Energy Agency tomorrow

Prime Minister Boyko Borissov will participate in the official ceremony marking Bulgaria's accession to the Agency for Nuclear Energy (AEA) of the Organisation for Economic Cooperation and Development (OECD). The ceremony will be held online on 19 January, Tuesday. During the ceremony, Bulgarian Prime Minister Borisov, OECD Secretary General Angel Gurria, Director General of the Agency William Magwood and Energy Minister Temenuzhka Petkova will be welcomed. This was reported by the government information service.
This year Bulgaria becomes the 34th member of the Nuclear Energy Agency, which includes countries operating almost 90% of the installed nuclear capacities in the world. Our country becomes an equal participant in international cooperation with a focus on excellence in the field of nuclear safety, technology, science, legislation and environmental and economic life issues.

For Bulgaria, nuclear energy plays an important role in ensuring national, regional and European energy security while providing affordable energy and being a key element for moving towards a low-carbon economy. Its importance as the main pillar of Europe's carbon-free electricity system was also confirmed in the Commission's long-term vision to reduce greenhouse gas emissions by 2050, published in 2018. Cooperation between Bulgaria and the OECD Nuclear Energy Agency will contribute significantly to achieving a clean and reliable energy future in which nuclear power plays an important role.

The active participation of our country in OECD working and specialized bodies, agencies and initiative is of paramount importance for Bulgaria's preparation for membership in the OECD global community. To this end, in the middle of last year, the Bulgarian government approved an additional BGN 1.2 million to finance the activities of Bulgaria's accession to the OECD. Membership is an important foreign policy priority for our country, but it is also relevant for the whole region. The OECD's engagement with Southeast Europe is extremely useful for the successful implementation of the necessary reforms. Over the past 10 years, the OECD has gone from being a Euro-Atlantic to a global organisation of similarly minded countries, and currently members of the OECD are the most developed economies from Europe, North America, South America and Asia. Developing cooperation with an ever wider range of countries contributes to the imposition of good practices and achieving a better life globally.