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Pipeline Across the Adriatic Sea Gains Momentum

Pipeline Across the Adriatic Sea Gains Momentum

ATHENS - The consortium planning a new natural gas pipeline for the European market across Greece, Albania and the Adriatic Sea to Italy said contractors are invited to bid on offshore construction work.

No Diabolical Plan Against Greece Says Juncker

No Diabolical Plan Against Greece Says Juncker

"There has been no diabolical plan of Spain and Portugal to derail the Greek government”, said European Commission president, Jean Claude Juncker, according to the Spanish newspaper, El Pais.

EU Wants an Agenda on Migration

EU Wants an Agenda on Migration

The European Commission today launched its work on a new European Agenda on Migration, even as it was announced that Italyrescuednearly 1,000 migrants,10 of which died at sea. The College of Commissioners held a first orientation debate on key actions to step up the EU's efforts to implement the existing tools and cooperation in managing migration flows from third countries.

Moscow - Kiev Reach One - Month Gas Deal but Risks Remain

Moscow - Kiev Reach One - Month Gas Deal but Risks Remain

Following emergency talks in Brussels, Russia and Ukraine’s energy ministers reached an agreement late on March 2 to ensure natural gas supplies to Ukraine for the month of March, averting possible cuts that could have hit supplies to theEuropean Union.

Brussels Emergency Talks on Russian Gas for Ukraine

Brussels Emergency Talks on Russian Gas for Ukraine

Russia and Ukraine's energy ministers are holding emergency talks inBrusselsas Russian gas giant Gazprom threatens to cut off deliveries to Ukraine for lack of payment.

EFSF Gives Greece 4 Month MFFA Extension

EFSF Gives Greece 4 Month MFFA Extension

The Board of Directors of the European Financial Stability Facility (EFSF) today decided to amend the Master Financial Assistance Facility Agreement (MFFA) for Greece to extend the availability of EFSF funds for Greece by four months. Instead of expiring on 28 February 2015, the MFFA now expires on 30 June 2015. The amended MFFA will be signed by EFSF CEO Klaus Regling and the Greek Finance Minister Yanis Varoufakis.

542 Yes - 32 No Bundestag Passes Greek Extension

542 Yes - 32 No Bundestag Passes Greek Extension

The Bundestag voted overwhelmingly in favour of the four-month extension of the Greek bailout. Of 587 votes cast,542 "yes", 32 "no" and 13 abstentions.

Hellenic Petroleum: Fourth Quarter 2014 Financial Results

Hellenic Petroleum: Fourth Quarter 2014 Financial Results

Record high production and exports, as well as the positive refining environment drive strong Group results. Significant negative impact on reported results from crude oil price decline HELLENIC PETROLEUM Group reported its strongest 4Q performance, leading to a FY Adjusted EBITDA of €417m (2013: €178m) and recording a positive Net Income.

Extension Agreement Stirs Controversy in Germany and Greece

Extension Agreement Stirs Controversy in Germany and Greece

While the extension of the Greek bailout programme is stirring controversy, both in Athens and in Berlin, it is expected to be approved both by the German Bundestag and by the Greek Parliament.