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Brussels Oks Temporary Rescue Aid for Romanian Energy Holding

Brussels Oks Temporary Rescue Aid for Romanian Energy Holding

The European Commission said on Tuesdaythat temporary rescue aid of 167 million lei ($40.2 million/37.6 million euro) to be granted by the Romanian authorities to state-owned electricity and heat producerComplexul Energetic Hunedoarais in line with EU state aid rules.

EFSE Lends 2 Mln Euro to Opportunity Bank Serbia for MSE Agri Projects

EFSE Lends 2 Mln Euro to Opportunity Bank Serbia for MSE Agri Projects

The European Fund for Southeast Europe (EFSE) said on Tuesday it has issued a 2 million euro ($2.1 million) senior loan to Opportunity Bank Serbia in support to micro and small enterprises (MSEs) and agricultural clients throughout the country.

Gazprom to be Charged by Brussels for Increasing Prices

Gazprom to be Charged by Brussels for Increasing Prices

EU antitrust regulators will this week formally charge Russian gas giant Gazprom with overcharging customers in eastern Europe and hindering rivals in the region,two EU sources said on Monday.

Bosnia’s EP HZHB Books Q1 Profit of 20.4 Mln Euro

Bosnia’s EP HZHB Books Q1 Profit of 20.4 Mln Euro

Bosnian power utility Elektroprivreda HZHB [SAJ:JPEMR] said on Monday it posted a profit of 39.96 million marka ($21.9 million/20.4 million euro) in the first quarter of 2015, helped by favorable hydrologic conditions.

Croatia Eyes Next Round of Talks with MOL over INA in May

Croatia Eyes Next Round of Talks with MOL over INA in May

Croatia is preparing for May the next round of talks with Hungary's MOL over the joint management of Zagreb-based oil and gas company INA, a spokesperson for the Croatian economy ministry told SeeNews in an email on Friday.

Bosnia’s RiTE Ugljevik Gets 3.6 Mln Euro Excavator

Bosnia’s RiTE Ugljevik Gets 3.6 Mln Euro Excavator

Bosnian coal miner and energy producer RiTE Ugljevik has put into operation at its Bogutovo Seloopen pit mine a 7 million marka ($3.8 million/3.6 million euro) excavator, local media reported on Friday.

Oil Prices Keep Falling - OPEC Keeps Pumping

Oil Prices Keep Falling - OPEC Keeps Pumping

Saudi Arabia, Venezuela, Russia and other oil producing majors held consultations last week but it is unlikely they will reduce output.

Bosnias Federation Feb Avg Net Salary Down by Real 2.5% M/M

Bosnia's Federation Feb Avg Net Salary Down by Real 2.5% M/M

The average net monthly salary in Bosnia's Muslim-Croat Federation fell by 2.5% in real terms month-on-month to 815 marka ($440.7/416.7 euro) in February after rising by a real 1.3% a month earlier, official statistics indicated.

Bosnias SAA With EU to Enter Into Force on June 1

Bosnia's SAA With EU to Enter Into Force on June 1

The Stabilisation and Association Agreement (SAA) between the European Union and Bosnia and Herzegovina will enter into force on June 1, Bosnia’s government said on Thursday, quoting the head of the EU Delegation to BiH.