Holding talks with Prime Minister of Bulgaria Sergei Stanishev in Kremlin, President of Russian Federation Vladimir Putin called for further expansion of commercial ties.
Stanishev hailed a recent deal on building a Russian oil pipeline from Bulgaria to northern Greece as well as an agreement on Russian natural gas shipments and a contract for Russia to build Bulgaria's second nuclear plant.
"A new dynamic has appeared in our relations, not only in trade and economics, but also in the realization of strategic projects," Stanishev said.
Putin said that bilateral trade had grown swiftly to some US$4 billion (EUR3 billion) a year, but added that the two nations needed to take measures to further diversify their economic relations.
Russian President Vladimir Putin announced a possibility of a real revolution that may happen in world economy in the coming years to put an end to the monopoly of large Western banks