Επιλεγμένες Ειδήσεις από New Europe

Where is the World’s Economy Headed in 2019?

Where is the World’s Economy Headed in 2019?

On the sidelines of the Asian Financial Forum in Hong Kong, New Europe’s correspondent Federico Grandesso spoke with former World Bank President Robert Zoellich about the actual global economic challenges that the world is facing today.

EU Commission Blocks Siemens – Alstom Deal Amid Competition Concerns

EU Commission Blocks Siemens – Alstom Deal Amid Competition Concerns

The European Commission has blocked Siemens’ proposed acquisition of Alstom, a massive deal that had the backing of both the Frenc and German governments, saying the deal violated the EU’s Merger Regulation as it would have created a near monopoly in the European market.

The Future of Georgia’s Energy Policy

The Future of Georgia’s Energy Policy

In 2014, Georgia signed an Association Agreement with the EU to implement the bloc’s policies for sustainable energy development. By signing the Agreement and joining the Energy Community, Georgia took on the obligation to implement a reform package in the energy sector and lay the foundation for its approximation to the European energy market.

Acquisition of Formosa I Wind Farm Project Cleared by the EU

Acquisition of Formosa I Wind Farm Project Cleared by the EU

The European Commission said on February 4 that the EC has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Formosa I International Investment Co., Ltd. (Formosa I) of Taiwan by Macquarie Corporate Holdings Pty Limited (Macquarie) of Australia, Ørsted InvestCo Ltd (Ørsted) of Denmark, Swancor Ind. Co. Ltd (Swancor) of Taiwan and JERA Power International BV (JERA) of Japan.

Brussels Imposes Import Quotas on Steel

Brussels Imposes Import Quotas on Steel

All steel imports will now be subject to quotas until the end of June 2021 as part of a move by the European Commission to address the concerns of EU manufacturers who worry that markets may be flooded by products that are no longer imported to the United States.

A Green ‘New Deal’ for Europe

A Green ‘New Deal’ for Europe

Earlier this month, Jim Yong Kim abruptly resigned from his post as World Bank president, leaving a pillar of the international financial order without leadership or direction. Kim will join a private equity firm, where he believes he can “make the largest impact on major global issues like climate change.”

EU Says It Will Not Renegotiate Brexit Deal

EU Says It Will Not Renegotiate Brexit Deal

European Commission President Jean-Claude Juncker was unequivocal in his message to UK Prime Minister Theresa May on January 30, telling the embattled British leader that bloc’s divorce deal with the United Kingdom will not be renegotiated under any circumstances.

US Sanctions on Venezuela’s PDVSA Cause Boost in Oil Prices

US Sanctions on Venezuela’s PDVSA Cause Boost in Oil Prices

Oil prices increased on January 29, a day after the administration of US President Donald J. Trump imposed sanctions against Venezuela’s state-owned oil company Petroleos de Venezuela or PDVSA. Washington is seeking to curb Venezuela’s crude exports to increase pressure on President Nicolas Maduro to step down.

US Oil Production May Undermine OPEC-Plus Cuts

US Oil Production May Undermine OPEC-Plus Cuts

The United States becomes a net energy exporter in 2020 and remains so throughout the projection period as a result of large increases in crude oil, natural gas, and natural gas plant liquids (NGPL) production coupled with slow growth in US energy consumption, according to US Energy Information Administration’s (EIA) Annual Energy Outlook 2019, released on January 24.

Member States Approve Investment for EU Energy Infrastructure

Member States Approve Investment for EU Energy Infrastructure

Member States of the European Union voted on January 23 on a Commission proposal to invest almost €800 million in key European energy infrastructure projects with major cross-border benefits. According to the Commission, the EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure.

EIB Promotes Energy Efficient Supermarkets in Portugal

EIB Promotes Energy Efficient Supermarkets in Portugal

The European Investment Bank (EIB) is providing €55 million to Portuguese company Sonae MC for its food retail stores, which comprise a chain of hypermarkets and supermarkets, the European Commission said on January 22, noting that EIB financing will make the company’s stores more energy efficient while promoting the use of renewables.

EU Strives to Secure Russian Gas Transit via Ukraine Post-2019

EU Strives to Secure Russian Gas Transit via Ukraine Post-2019

The European Commission has tabled a proposal for Russia and Ukraine, covering duration, volumes and tariffs of a future gas transit agreement via Ukraine to Europe after 2019, Vice-President for Energy Union Maroš Šefčovič said, following the trilateral talks in Brussels on January 21.

Russia-Ukraine-EU to Discuss Gas Transit

Russia-Ukraine-EU to Discuss Gas Transit

The second round of political trilateral talks with Russia and Ukraine on the future of gas transit via Ukraine will take place on January 21 in Brussels, the European Commission has said.

Siemens Gamesa Launches Giant Offshore Wind Turbine

Siemens Gamesa Launches Giant Offshore Wind Turbine

Spain’s Siemens Gamesa Renewable Energy said on January 16 that the company launched the SG 10.0-193 DD, SGRE’s first 10+ MW offshore wind turbine, with blades almost the same length as a soccer field.