English Edition

KMG Intl Group to Invest $200 Mln in 2015 Mainly in Romanian Refinery

Τετ, 8 Απριλίου 2015 - 18:43

KMG International group, formerly The Rompetrol Group, said on Tuesday it plans to invest more than $200 million (184 million euro) this year, mainly in the upgrade of its Romanian refinery Rompetrol Rafinare.

Iran Nuclear Agreement Will Refocus Global Politics

Τρι, 7 Απριλίου 2015 - 17:21

US president, Barack Obama, used the word “historic” to describe the framework agreement with Iran at the P5+1 (or E3+3) discussions in Lausanne, as Iranians took to the streets of Tehran to celebrate what the view as an agreement to end the sanctions.

EU Capitals Try to Downplay Tsipras Visit to Moscow

Τρι, 7 Απριλίου 2015 - 17:16

Athens' flirting with Moscow has caused anger and stupefactionamong Greece's European allies, particularly after the government, on its first day in office, issued a public rebuke to the EU over a joint statement regarding sanctions on Russia.

Greece Wants Russia Tit-for-Tat: Gas Price Break for Pipeline Join

Τρι, 7 Απριλίου 2015 - 17:12

A discount on Russia gas deliveries to Greece is “the most tangible result” in talks between Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras, during the latter’s visit to Moscow on April 8-9, a high-level source at the Syriza-led government told New Europe on April 7.

Romania's Hidroelectrica to Implement 1.7 Mln Euro ERP System

Τρι, 7 Απριλίου 2015 - 17:07

Romania's largest hydropower producer, state-controlled Hidroelectrica, said on Monday it will implementan Enterprise Resource Planning (ERP) system system worth 1.7 million euro ($1.9 million) thatwill increase the efficiency of the management and decision-making processes.

Croatia Seeks Contractor for Design Permitting of Krk LNG Terminal

Τρι, 7 Απριλίου 2015 - 17:04

Croatia's LNG Hrvatska has invited bids for the preparation of the design and permitting documentation for the construction of a liquefied natural gas (LNG) terminal on the Adriatic island of Krk, a public notice showed.

PM Says Serbia May Renegotiate Electricity Price Hike Deal With IMF

Τρι, 7 Απριλίου 2015 - 17:01

Serbia expects it may be possible to lower the electricity price hike agreed with the International Monetary Fund (IMF) after the country's deficit in the first quarter came in sharply below plan, local media reported on Monday, quoting Serbian prime minister Aleksandar Vucic.

Russia Vietnam Seal Energy Deals Close to Trade Pact

Δευ, 6 Απριλίου 2015 - 18:56

Gazprom Neft, the oil arm of Russian gas monopoly Gazprom and the country’s fourth largest oil producer, and Vietnam’s state oil firm PetroVietnam have signed aseries ofagreements toextend their collaboration activity, boosting traditional close energy ties between the two countries.

Westinghouse Bulgaria Agree to Continue Talks on New NPP Unit

Δευ, 6 Απριλίου 2015 - 18:49

US-based Westinghouse said that while the shareholder agreement with Bulgaria for construction of a new unit at the country's sole nuclear power plant (NPP) Kozloduy had expired, discussions are continuing on a new structure and timeline.

Bulgaria's Bulgartransgaz Opens 5.0 mln Εuro Τender for Drilling at Chiren Gas Repository

Δευ, 6 Απριλίου 2015 - 18:46

Bulgarian gas transmission system operator Bulgartransgaz said it had opened a tender for an exploratory drilling at Chiren underground gas repository an indicative value of 9.77 million levs ($5.4 million/5.0 million euro).

Montenegro Expects 3.6% Avg Annual Economic Growth by 2018

Δευ, 6 Απριλίου 2015 - 17:50

The government of Montenegro said it expects the country to post an average annual economic growth of 3.6% by 2018, down from the previous projection of 3.8%.

Greece Ready to Make IMF Payment Next Week

Παρ, 3 Απριλίου 2015 - 18:44

Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister DimitrisMardassaid today."We strive to be able to pay our obligations on time, Mardassaid. "We are ready to pay on April 9.”

Greece: Non Plus Ultra

Παρ, 3 Απριλίου 2015 - 18:39

It is a Latin expression to signify the absolute end. It means “nothing further beyond” and in three words describes the Greek situation. After two months of intensive talks between Greece and its European partners, both parties are now convinced that that they have come to the point to take the next step.