English Edition

Greece and Germany in Cold War

Πεμ, 12 Μαρτίου 2015 - 18:13

Yesterday (March 10) German Finance Minister Wolfgang Schäuble made an unusually tough statement on Greece, indicating that Greece must fulfill all its obligations stemming from the memorandum of understanding (signed by the previous government) in order to get the next installment paid.

Greece Revives WW2 German Reparations

Πεμ, 12 Μαρτίου 2015 - 18:12

One day after Greece's prime minister, Alexis Tsipras, raised the question of WWII German reparations saying that his country has never been fully compensated by Germany, the Greek Justice Minister said today he is ready to authorise confiscation of German assets in Greece in implementation of an old Supreme Court decision for the compensation for victims of Nazi atrocities.

IENE’s Regional Conference in Vienna Addressed the Major Energy Security and Gas Supply Issues of SE Europe in the Aftermath of South Stream’s Cancellation

Πεμ, 12 Μαρτίου 2015 - 04:01

The regional conference on " Energy Security and Gas Supply in SE Europe ” convened by IENE took place on March 12, in Vienna, bringing together executives from several companies and senior government officials from Austria, Hungary, Russia, UK, Bulgaria, Romania, Iran, Greece and Turkey, as well as representatives from major international organizations,including OSCE, OPEC and the Energy Community

Croatia's Industrial PPI Down 4% Y/Y in Feb

Τετ, 11 Μαρτίου 2015 - 18:58

Croatia's industrial producer price index (PPI) fell by 4% on the year in February, the State Statistics Bureau said on Tuesday.

Romania Consumer Prices Edge Up 0.3% M/M in Feb

Τετ, 11 Μαρτίου 2015 - 18:55

Romania's consumer price index (CPI) inched up0.33% on the month in February after rising 0.4% a month earlier, the statistics office, INS, said on Tuesday.

Romania Jan Avg Net Wage Falls 7.2% M/M in Real Terms

Τετ, 11 Μαρτίου 2015 - 18:52

The average net monthly salary in Romania fell by 7.2% on the monthin real terms to 1,740 lei ($422/392euro) in January, the country's statistics board, INS, said on Tuesday.

Greece Rebuffed by EU Creditors: Stop Wasting Time

Τρι, 10 Μαρτίου 2015 - 19:26

Greece's European creditors told Athens to stop wasting time and flesh out starting Wednesday its proposals for economic reforms, which are crucial to releasing vital funds to assure financial survival.

Romania's Day-Ahead Power Sales Volume Up 21.5% Y/Y in Feb

Τρι, 10 Μαρτίου 2015 - 19:01

The volume of electricity sold on Romania's day-ahead market grew by 21.5% on the year to 1.89 million MWhin February, while prices rose by an annual 17% in euro, the country's power market operator, OPCOM, said on Monday.

Romania Oct Gas Consumption Almost fFat Y/Y

Τρι, 10 Μαρτίου 2015 - 18:58

Natural gas consumption in Romania edged upto 10.11million megawatt-hours (MWh) in October 2014 from 10.09 millionMWh a yearearlier, but was significantlyhigher on the month, figures from the country's energy regulator, ANRE, showed on Monday.

Bankers Petroleum End-2014 Oil Reserves in Albania Fall to 125 Mln Barrels

Τρι, 10 Μαρτίου 2015 - 18:56

Canadian company Bankers Petroleum said its proved reserves in the Patos-Marinza and Kucova oilfields in Albania amounted to 125 million barrels at the end of 2014, down by 15% from a year earlier.

The Lazarus Pipeline: Borisov Hopes to Bring Nabucco Back to Life

Δευ, 9 Μαρτίου 2015 - 18:16

Bulgarian Prime Minister Boyko Borisov said the Balkan country will ask the European Commission to revive the Nabucco-West gas pipeline project on its territory.

Greece the Eurogroup and the Impasse

Δευ, 9 Μαρτίου 2015 - 18:11

One and a half months after the Greek election on the 25th of January, the Greek government has a clear understanding of its problem. WhenSyriza won the election, it had no idea of the cash flow problem the country would be shortly facing. Now it does.