English Edition

GEK TERNA Group: Increase in Sales and Strong Growth in Operating Profitability

Τρι, 1 Δεκεμβρίου 2015 - 18:00

According to the financial statements of 30/09/2015, the consolidated sales of GEK TERNA amounted to 666.7 million euro compared to 640.6 million euro in the 9-month period of 2014, posting an increase of 4.1%

Bulgaria Backs Nord Stream Gas Extension

Τρι, 1 Δεκεμβρίου 2015 - 17:58

Bulgarian Prime Minister Boiko Borisov said on Monday his government supported Russia's plans to extend its gas link to Germany. A copy of a letter seen by Reuters last week named Bulgaria as one of 10 countries that raised concerns the Nord Stream II project could run counter to European Union interests and risk further destabilising Ukraine

Snam S.p.A. to Join TAP Shareholding, Acquiring 20% Stake in the Project from Statoil

Τρι, 1 Δεκεμβρίου 2015 - 17:55

TAP is pleased to announce that Snam S.p.A. (Snam) will shortly join TAP’s shareholding by acquiring a 20% stake in the project from Statoil. The news follows Statoil’s announcement this morning that it has agreed to sell its shareholding in TAP, by which it will divest its 20% interest stake in the project. Statoil and Snam have agreed to undertake the transaction provided certain conditions are met. The transaction is expected to close by end 2015

Romania Raises Over Eur 2.9 Bln from Environmental Taxes

Δευ, 30 Νοεμβρίου 2015 - 10:41

Romania raised over EUR 2.9 billion from environmental taxes in 2013, which represented 7.5% of the total revenue from taxes and social contributions that year

Bulgaria, China to Deepen Cooperation in Infrastructure, Nuclear Power

Δευ, 30 Νοεμβρίου 2015 - 10:40

Bulgaria and China pledged on Thursday to deepen cooperation in the areas of infrastructure, nuclear power, agriculture and tourism. This became clear after a meeting between Bulgarian Prime Minister and his Chinese counterpart Li Keqiang

Tehran Leaves Door Open for US Oil Companies

Δευ, 30 Νοεμβρίου 2015 - 10:37

Iran's oil industry is open to U.S.-based companies, Iranian Oil Minister Bijan Zangeneh said in a press conference Saturday

Nord Stream 2, Turkish Stream Doubtful

Δευ, 30 Νοεμβρίου 2015 - 10:35

Two major projects spearheaded by Russian gas monopoly Gazprom striving to bypass Ukraine seem more uncertain than ever as a Russian-Turkish pipeline may fall under restrictive measures against Ankara and Russia’s plans to extend its natural-gas link to Germany faces objections from some EU countries

Volkswagen Cuts 2016 Investment Budget to €12bn

Παρ, 20 Νοεμβρίου 2015 - 20:43

Volkswagen is taking an axe to its investment budget for next year, cutting spending to a maxiumum of €12bn as it finds ways to save costs to deal with the fall-out from the emissions scandal. The move marks a reduction of around €1bn compared to the group's previous budget

TAP Awards Contract to Corinth Pipeworks S.A. for Onshore Line Pipe

Παρ, 20 Νοεμβρίου 2015 - 20:41

Trans Adriatic Pipeline AG (TAP) has awarded a contract to Corinth Pipeworks S.A. who will provide approximately 495km of 48” diameter line pipes for the Trans Adriatic Pipeline across Greece. This contract award makes up approximately 270,000 tonnes of line pipe

EU Fast-Tracks Tesla, Eastring Gas Lines

Παρ, 20 Νοεμβρίου 2015 - 20:40

The European Commission on November 18 included the Tesla and Eastring gas pipelines in its updated Project of Common Interests (PCIs) list, which will enable the gradual build-up of the Energy Union by integrating the energy markets in Europe, diversifying the energy sources and transport routes