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Moscovici Convinced EU Will Find a Deal on Greece

Moscovici Convinced EU Will Find a Deal on Greece

EU Economic and Monetary Affairs Commissioner Pierre Moscovici said on Thursday he was sure Greece and its creditors would reach an agreement on a cash-for-reforms deal and that Greece would remain in the euro zone.

Some Industries May Need 10 More Years of Free Carbon Credits

Some Industries May Need 10 More Years of Free Carbon Credits

Some of Europe’s most heavily polluting industries could need to retain access to free carbon allowances covering all their emissions for the decade to 2030 if the EU is to avoid pricing companies out of the bloc, a regulators’ assessment has found.

Tsipras΄Last Stand in Brussels

Tsipras΄Last Stand in Brussels

Greece’s prime minister was heading to high-level meetings in Brussels on Wednesday to try to persuade the country’s creditors to accept a proposal that might unlock much-delayed bailout loans and save the country fromfinancial disaster.

Serbian Energy Min Says Gas Link With Bulgaria May Go Live in 2019

Serbian Energy Min Says Gas Link With Bulgaria May Go Live in 2019

Serbian energy minister Aleksandar Antic said on Tuesday he expects the construction of a gas interconnection with Bulgaria could be completed by 2018 so that the gas could start flowing in 2019, Belgrade-based media reported on Tuesday.

Montenegros Synergy Powers Up 1.7 Mln Euro SHPP

Montenegro's Synergy Powers Up 1.7 Mln Euro SHPP

Montenegrin company Synergy has put into operation the 615 kW small-sized hydro power plant (SHPP) Vrelo in the municipality of Bijelo Polje, the municipal authorities said on Monday.

Bulgarias Fin Min Sees Jan-May Budget Surplus at 588 Mln Euro

Bulgaria's Fin Min Sees Jan-May Budget Surplus at 588 Mln Euro

Bulgaria's consolidated budget surplus is expected to reach 1.15 billion levs ($641 million/588 million euro) at the end of May, equivalent to 1.4% of the country's projected gross domestic product (GDP), thefinance ministry said.

Putin Pours Money Into Venezuela Oil Production

Putin Pours Money Into Venezuela Oil Production

Venezuela’s President Nicolas Maduro said Caracas and Russia’s sanction-hit Rosneft have agreed on around $14 billion in investment in the South American country’s oil and gas sector.