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THE ENERGY REGULATORS OF THE REPUBLIC OF BULGARIA AND THE REPUBLIC OF TURKEY SIGNED A BILATERAL COOPERATION AGREEMENT


18.06.2018

“Collaboration between the Energy Regulators in the Balkans contributes not only to establish effective cooperation between them, but it is also a factor in supporting the efforts of the countries to increase energy security in the region”. That was declared by the chairmen of the regulatory authorities of Bulgaria and Turkey - Assoc. Prof. Ivan Ivanov and Mr. Mustafa Yalmaz who signed a bilateral cooperation agreement. The document establishes the institutional framework for exchange of best practices between EWRC and Energy Market Regulatory Authority of the Republic of Turkey (EMRA) and is aimed at improving the quality of regulatory activity. The Agreement provides for the two authorities to exchange information on regulatory policies subject to national legal frameworks and requirements. EMRA and EWRC will develop administrative capacity through participation in specific training activities - conferences, seminars and workshops.

The event was attended by EWRC members Evgenia Haritonova, Penka Trendafilova, Alexander Yordanov, Remzi Osman, Georgi Zlatev and Vladko Vladimirov.

Assoc. Prof. Ivan Ivanov pointed out that after the visit of EWRC delegation in Turkey in 2017, a very good relationship has been established between the two energy regulators. According to him, the cooperation agreement creates a good basis for specific performance of joint working groups, which the two regulators are going to form in areas of mutual interest - electricity and natural gas.

The interaction between the Balkan regulators contributes to the development of the energy sector and economic growth in the region, stressed the president of the Energy Market Regulatory Authority of the Republic of Turkey, Mr. Mustafa Yalmaz at the talks between the two delegations. He appreciated the signing of the cooperation agreement as a factor for the consolidation of the energy market in the region and as a basis for sharing best regulatory practices.

During the bilateral talks some concrete issues of mutual interest were also discussed, like the legal regulatory framework and strengthening the cooperation between the Balkan energy regulators within the EWRC initiative for establishing a Regional Advisory Forum of Regulators in the Balkans.