English Edition

Fitch Affirms Turkey's Tupras at BBB - Stable Outlook

Τρι, 13 Ιανουαρίου 2015 - 18:25

Fitch Ratings said on Monday it has affirmed the long-term local and foreign currency issuer default ratings (IDRs) of Turkish oil refiner Turkiye Petrol Rafinerileri or Tupras, at BBB- as well as its national long-term rating at 'AA+(tur)

Croatia's HEP Upgrades Investments to Raise HPP Capacity By Up to 124 MW

Τρι, 13 Ιανουαρίου 2015 - 18:19

Croatian state-owned power utility HEP said on Monday it should increase its hydro power capacity by an additional 111-124 MW thanks to a 3.6 billion kuna ($554 million/468.9 million euro) investment push.

OPEC Sticks to Its Guns as Oil Prices Fall

Τρι, 13 Ιανουαρίου 2015 - 18:13

Prospects appeared dim again for crude oil prices on January 13. Brent and US WTIcrudeoilprices fell to their lowest levels in almost six years as the United Arab Emirates, a big producer of the Organization of the Petroleum Exporting Countries (OPEC) stood by the cartel’s decision not to reduce production to stop crude oil prices from plunging further.

Study Finds Feasible Extending Lifespan of Slovenia's Krsko NPP Until 2043

Δευ, 12 Ιανουαρίου 2015 - 18:21

The supervisory board of the Krsko nuclear power plant (NPP), jointly owned by Slovenia and its neighbour Croatia, has endorsed a study that found it would be feasible to extend its lifespan until 2043, Croatian state-owned power utility HEP said.

Total M&A Deals' Value in Turkey's Energy Sector Down 21% in 2014

Δευ, 12 Ιανουαρίου 2015 - 18:18

As many as 40 mergers and acquisitions (M&A) valued at $5.6 billion (4.7 billion euro) were realised in the Turkish energy sector in 2014, remaining flat year-on-year in terms of deal numbers but down 21% in terms of value, the Turkish arm of global consultancy firm PricewaterhouseCoopers (PwC) said.

Bulgarian TPP Maritsa East 2 Gets Licence for Upgraded Unit 7

Δευ, 12 Ιανουαρίου 2015 - 18:13

Bulgarian coal-fired thermal power plant (TPP) Maritsa East 2 said on Friday it has received a licence to operate its Unit 7 following an overhaul.

Latvia’s EU Presidency Says South Stream Loss Could Drive Energy Union

Δευ, 12 Ιανουαρίου 2015 - 17:33

The scrapping of the Russian-planned South Stream gas pipeline can be on the positive side a stimulus for more active work on the Energy Union, Ambassador of Latvia to Greece Ivars Pundurs told New Europe in Athens on January 9.

The End of Cyprus Airways

Δευ, 12 Ιανουαρίου 2015 - 17:25

Cyprus Airways the national air carrier of Cyprus closed down due tothe decision of the European Commission to ask theCypriot governmentto recover incompatible aid from the transport company.

Terror in France: The Hunt for Charlie Hebdo Killers Continues

Παρ, 9 Ιανουαρίου 2015 - 16:13

The two suspects in the storming of a satirical French newspaper that left 12 people dead have stolen a car and are on the move again as shots were fired in a small French town, a security official said Friday. Apparently, they might be trying to take hostages.

Bosnia’s EPBiH Plans to Put Into Operation Podvelezje Wind Park by End-2016

Παρ, 9 Ιανουαρίου 2015 - 16:13

Bosnian state-controlled power utility Elektroprivreda BiH, plans to put into operation the Podvelezje wind park by the end of 2016, local media reported.

Zagreb City to Get HBOR Funds for Energy Efficiency Projects

Παρ, 9 Ιανουαρίου 2015 - 16:10

The Croatian government said it gave the go-ahead on Thursday to the city of Zagreb to borrow 18 million kuna ($2.8 million/2.3 million euro) from state-run development bank HBOR for energy efficiency projects.

Serbia's TENT TPP Plans to Reconnect to Grid 305 MW A3 Unit on Jan 22

Παρ, 9 Ιανουαρίου 2015 - 16:06

Serbia's biggest power generating complex, TENT, said on Thursday it plans to reconnect to the grid its 305 megawatt (MW) A3 unit on January 22.

As Hunt for the Killers Continues France Begins Day of Mourning

Πεμ, 8 Ιανουαρίου 2015 - 16:43

Police inParis are still hunting for two heavily armed men, one with possible links to al-Qaida, in the methodical killing of 12 people at the satirical newspaper Charlie Hebdo which occurred Wednesday, January 7.

TAP Gets New Managing Director

Πεμ, 8 Ιανουαρίου 2015 - 16:43

The Trans Adriatic Pipeline (TAP) project company said on Wednesday it had appointed Ian Bradshaw as its new managing director starting from February 1.

Croatia's Energy Market Operator to Sign No New PPAs for Solar Wind in 2015

Πεμ, 8 Ιανουαρίου 2015 - 16:40

Croatia's energy market operator, HROTE, said on Wednesday it will sign this year no new agreements for the purchase of electricity generated by solar or wind farms.

Foreign Investor Eyes Bulgarian NPP Project Party Official Says

Πεμ, 8 Ιανουαρίου 2015 - 16:37

An unnamed foreign investor is interested in a project for the construction of a 2,000 megawatt nuclear power plant (NPP) in Bulgaria, local media reported on Wednesday quoting a senior official of the left-wing ABV party.