English Edition

Albania: Electricity Imports Widen Trade Gap

Παρ, 22 Σεπτεμβρίου 2017 - 20:29

High electricity imports following one of the worst droughts in decades broadened Albania’s trade gap in the first eight months of this year despite exports growing by double digits. A report published by state statistical institute, INSTAT, show Albania’s trade gap expanded to 223 billion lek (€1.64 bln) in the first eight months of this year, up 6.3 percent compare to the same period last year

Germany Will Strive to Save Iran Nuclear Deal

Παρ, 22 Σεπτεμβρίου 2017 - 20:28

Germany’s Foreign Minister Sigmar Gabriel said on September 21 that Berlin will try to persuade the United States not to abandon the Iranian nuclear agreement. Speaking to reporters on the sidelines of a United Nations meeting in New York, Gabriel said any US move to cancel the Iran deal and impose new sanctions on Tehran would discourage powers such as North Korea from negotiating an end to their own nuclear programmes

Statkraft Sells Turkish Cetin Hydro Plant to Limak

Πεμ, 21 Σεπτεμβρίου 2017 - 20:13

Norwegian energy group Statkraft, Europe's largest hydropower producer, sold its one-third built Cetin hydropower plant in Turkey to Turkish Limak Energy, an official from the company said on Thursday. The Norwegian official told Anadolu Agency that the transaction would be completed in the third quarter of this year and will be announced on Oct. 26 with Statkraft's third quarter results

Pirelli Tyres Romania Appoints German CEO

Πεμ, 21 Σεπτεμβρίου 2017 - 20:07

German Wolfgang Meier has taken over as the new CEO of Pirelli Tyres Romania, replacing Italian Giuliano Menassi, who will continue his career within the Pirelli group as R&D Senior Vice President. Menassi had been managing the Romanian plant since April 2014

US Crude Inventories and Production Increase

Πεμ, 21 Σεπτεμβρίου 2017 - 20:06

Crude oil inventories and production in the U.S. increased for the week ending Sept. 15, the Energy Information Administration (EIA) announced Wednesday. Commercial crude stocks rose 4.6 million barrels, or 1 percent, to 472.8 million barrels, the EIA said. This marked the third consecutive weekly increase in commercial crude inventories

EU Facilitates Investments in Energy Efficiency for Public Buildings

Τετ, 20 Σεπτεμβρίου 2017 - 16:01

On September 19, Eurostat, the Statistical Office of the European Commission, published an updated guidance note on the recording of energy performance contracts (EPCs) in government accounts, the European Commission has said

European Investment Grows in Bulgaria

Τετ, 20 Σεπτεμβρίου 2017 - 16:01

Bulgaria’s leading sunflower and oil producer and grain trader has secured a loan agreement with the European Investment Bank. The financing will be used for the construction of a new sunflower oilseed production plant and storage and logistic facilities in the Beloslav municipality near Varna

KRG's Oil Exports Via Turkey May be Halted Due to Vote

Τρι, 19 Σεπτεμβρίου 2017 - 19:11

Iraqi Kurdish Regional Government's (KRG) economic power, propelled by oil exports via Turkey, is potentially at risk if the KRG's capital and seat of power Erbil insists on independence considering Ankara's objection to the referendum, Volkan Ozdemir, head of the Institute for Energy Markets and Policies (EPPEN) told Anadolu Agency (AA)

Enel Launches 2 Solar Plants in Brazil Totaling 546 MW

Τρι, 19 Σεπτεμβρίου 2017 - 19:10

Italian renewable energy company Enel has launched operations of solar photovoltaic (PV) projects in Brazil totaling 546 megawatts, the company announced Monday. A new 254-megawatt plant, Ituverava and the 292-megawatt Nova Olinda solar park are South America’s largest PV facilities currently in operation, according to the company's press release

Sales of New Cars in Bulgaria with Growth of Over 15%

Παρ, 15 Σεπτεμβρίου 2017 - 13:52

New car registrations in Bulgaria increased with impressive 15.5% in August compared to a year earlier to 2,344 cars, according to data from the Association of Automobile Manufacturers in Europe (ACEA). From the beginning of the year until the end of August the registered new cars in our country increased by 18.1% yoy to a total of 19,556 cars

Gazprom, BOTAS to Create Joint Venture for TurkStream

Παρ, 15 Σεπτεμβρίου 2017 - 13:51

Russian Gazprom's board of directors will review the formation of a joint venture on Sept. 21 with Turkey's Botas for the TurkStream natural gas pipeline project, according to Russian media late on Tuesday. Russian business daily Vedomosti revealed that the joint project company would be named TurkAkim Gaz Tasima AS

N.Korea Fires Another Missile Over Japan

Παρ, 15 Σεπτεμβρίου 2017 - 13:50

North Korea ignored renewed global efforts to end its nuclear threat by firing a ballistic missile over Japan for the second time in less than a month early Friday morning. South Korea's Joint Chiefs of Staff said the missile was launched from the Pyongyang area before flying a distance of around 3,700 km (2,300 miles) over northeastern Japan and landing in the Pacific Ocean, according to the local news agency Yonhap

US Envoy Demands Delay of Kurdish Independence Poll

Πεμ, 14 Σεπτεμβρίου 2017 - 16:30

The US anti-Daesh envoy demanded, Wednesday, a delay of the Kurdish independence poll scheduled for Sept. 25 by the Kurdish Autonomous Region (KRG) parliament, according to the KRG main opposition movement, Gorran's Diplomatic Relations Representative Hoshyar Omar

Juncker Urges Europe to Invest in the Cars of the Future

Πεμ, 14 Σεπτεμβρίου 2017 - 16:30

In his State of the Union address, European Commission President Jean-Claude Juncker, announcing a new industrial policy strategy, said on September 13 it is essential to invest in the cars of the future to keep Europe at the forefront of innovation and digitisation. To this end, Juncker announced a new industrial policy strategy

Global Oil Inventories Shrinking on Robust Demand: IEA

Τετ, 13 Σεπτεμβρίου 2017 - 16:28

The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday

Industrial Production Index in Bulgaria Increased by 0.2% in July 2017

Τρι, 12 Σεπτεμβρίου 2017 - 18:42

According to the preliminary data the Industrial Production Index , seasonally adjusted , increased by 0.2% in July 2017 as compared to June 2017. In July 2017 working day adjusted4 Industrial Production Index rose by 4.2% in comparison with the same month of 2016, according to data of the National Statistical Institute (NSI)