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Market Commentary and Intraday News

Bulgaria holds nuclear power referendum

448 days ago

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(AP:SOFIA, Bulgaria) Bulgarians are voting in a referendum on whether a new nuclear power plant should be built in the European Union's poorest member country, a choice also seen as a barometer of the country's relationship with Russia.

Sunday's vote was called by the opposition Socialist party in an effort to force the government to reverse its decision to scrap a deal with Russia on the construction of a second nuclear plant.

Bulgaria's first referendum since the fall of communism in 1989 has polarized opinion along party lines. It has been seen as a test ahead of general elections in July, but also as a chance to loosen Moscow's energy grip.

The latest polls estimate a low turnout, which could make the referendum invalid. At least 60 percent of the electorate must take part.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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