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Serbia to Hike Household Gas Tariffs as of March 2

Serbia to Hike Household Gas Tariffs as of March 2

Τρι, 3 Φεβρουαρίου 2015 - 18:28

Serbia's energy regulator, AERS, said on Monday it has approved a hike in household gas supply tariffs due to the strengthening of the U.S. dollar against the Serbian dinar.

CEZ Electro Bulgaria Turns to Prelim After - Tax Profit in 2014

CEZ Electro Bulgaria Turns to Prelim After - Tax Profit in 2014

Τρι, 3 Φεβρουαρίου 2015 - 18:23

Bulgarian electricity distributor CEZ Electro Bulgaria, a unit of Czech power utility CEZ, said it turned to a preliminary after-tax profit of 24.8 million levs ($14.4 million/12.4 million euro) in 2014 from an after-tax loss of 16.4 million levs a year earlier.

The Not So Legitimate Troika: Commission Softens its Tone Towards Greece

The Not So Legitimate Troika: Commission Softens its Tone Towards Greece

Τρι, 3 Φεβρουαρίου 2015 - 18:10

Commission spokesman MargaritisSchinassaid today in Brussels that the Troika could give way to "a more democratically legitimate and more accountable structure, based around European institutions with enhanced parliamentary control both at European and at national level.”

Greek Government Shapes the Field

Greek Government Shapes the Field

Δευ, 2 Φεβρουαρίου 2015 - 18:49

Just one week after snap election in Greece brought to power leftist and anti-austerity SYRIZA, it is already possible to chart some of the shock waves reverberating across Europe. This by itself is a first.

Podemos - March for Change Gathers 100.000 in Madrid

Podemos - March for Change Gathers 100.000 in Madrid

Δευ, 2 Φεβρουαρίου 2015 - 18:49

Counting down the time until Spain experiences a similar political change as Greece, more than 100.000 demonstrators rallied on Madrid's “Puerta del Sol” in support of “Podemos”, the Spanish anti-austerity party that was created just a year earlier and is now the second in Spain in terms of membership while opinion polls predict that it may win the parliamentary elections at the end of 2015.

Oil Slump Weak Ruble Ukraine Make Gazprom Reassess Plans

Oil Slump Weak Ruble Ukraine Make Gazprom Reassess Plans

Δευ, 2 Φεβρουαρίου 2015 - 18:48

Hit by falling energy prices, a weaker ruble and a pricing dispute with Ukraine, Russian gas monopoly Gazprom said on January 29 that third-quarter net income dropped to 106 billion rubles ($1.5 billion) from 276 billion rubles or 62% a year earlier.

Will Tsipras Challenge the Robbery of the Century?

Will Tsipras Challenge the Robbery of the Century?

Δευ, 2 Φεβρουαρίου 2015 - 17:54

One of the very first decisions taken by the new Greek government, was to stop the privatization of 15 airports. If you think that this provision was of Socialist inspiration you are wrong. The new government simply stopped the looting of the country, as it happened before with the construction and management of the Athens airport. If this means to be Socialist, then I am Communist. But I am neither.

In Cyprus Tsipras Tough on Turkey Easy on Russia

In Cyprus Tsipras Tough on Turkey Easy on Russia

Δευ, 2 Φεβρουαρίου 2015 - 17:51

Greek Prime Minister Alexis Tsipras, who arrived in Cyprus on February 2 on his first official visit since being sworn in a week ago, said the violation of Cyprus’ Exclusive Economic Zone and Continental Shelf by Turkish seismic vesselBarbaros “constitutes a blatant violation of international law and undermines the necessary talks between the two sides”.

Eustream Proposes Gas Pipeline to SEE sees Launch in 2019

Eustream Proposes Gas Pipeline to SEE sees Launch in 2019

Δευ, 2 Φεβρουαρίου 2015 - 15:36

Slovakia's Eustream proposes a natural gas pipeline with an annual capacity of up to 40 billion cu m connecting the countries in Southeast Europe (SEE) with Western Europe that could be operational by 2019, the company's general manager said on Friday.

Five Vie to Invest in 1.0 GW HPP Project in Romania

Five Vie to Invest in 1.0 GW HPP Project in Romania

Δευ, 2 Φεβρουαρίου 2015 - 15:28

Five companies have filed preliminary non-bindingbids ina tender for an investorfor a 1.0 GWhydropowerproject in Romania,the project company said on Friday.

Greece Blocks More EU Sanctions - Russia Offers Athens Aid

Greece Blocks More EU Sanctions - Russia Offers Athens Aid

Παρ, 30 Ιανουαρίου 2015 - 17:38

Sanctions-hit Russia would consider extending financial aid to debt-ridden Greece if Athens were to make a request, Russian Finance Minister Anton Siluanov said. His remarks come after the opposition of new Greek Prime Minister Alexis Tsipras’ government to the introduction ofnew sanctions against Russia. Athens has stressed that the restrictions will bring economic problems to a number of European states, including Greece.

Romanias OMV Petrom Q4 Hydrocarbon Output Up 0.6% Y/Y

Romania's OMV Petrom Q4 Hydrocarbon Output Up 0.6% Y/Y

Παρ, 30 Ιανουαρίου 2015 - 16:57

The hydrocarbon production of Romania's top oil and gas group, OMV Petrom, edged up0.6% on the year to182,000 barrels of oil equivalent per day (boe/d) in the fourthquarter of 2014,its majority owner, Austria’s OMV, said on Thursday.