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EU Commission Pushes Energy Union in Belgium

Δευ, 25 Σεπτεμβρίου 2017 - 17:02

On September 25, European Commission Vice-President for Energy Union Maroš Šefčovič started his second part of the Energy Union Tour to Belgium, this time with a special focus on cities

The Eurozone’s Political Integration is Now Less Likely

Δευ, 25 Σεπτεμβρίου 2017 - 17:01

Sunday’s German elections saw the worst result for the Christian Democrats (CDU) and the Social Democrats (SPD) since 1949. The status quo no longer has the political authority to reform the status quo. Germany has shown it is less exceptional than anyone thought

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