English Edition

Ship Equipment Makers Strike Deals With Foreign Shipyards

Δευ, 15 Σεπτεμβρίου 2014 - 15:33

Greek entrepreneurs involved in the shipping manufacturing sector are targeting customers on the international market like never before. The sector may be in crisis but Greek shipowners are blossoming and local marine equipment manufacturers are increasingly focusing their attention on exports

Russia to Create Anti-Crisis Fund to Aid Sanctions-Hit Companies

Δευ, 15 Σεπτεμβρίου 2014 - 15:29

Russia will create a multi-billion dollar anti-crisis fund in 2015 of money destined for the Pension Fund and some left over in this year's budget to help companies hit by sanctions, Finance Minister Anton Siluanov was quoted as saying on Monday

Bulgaria's Deputy PM: There Is No Agreement On South Stream Transit Fees

Δευ, 15 Σεπτεμβρίου 2014 - 15:28

As of now there is no signed agreement for the transit fees from the South Stream gas pipeline, Bulgaria's caretaker deputy PM Ekaterina Zaharieva told the bTV national channel

Greek Isles to be Connected to Grid

Δευ, 15 Σεπτεμβρίου 2014 - 15:26

French, Swedish, Italian and Greek companies this week signed contracts to install underground and subsea cabling to connect the Cyclades to the mainland grid. The connections will boost solar project development in the isalnds

Israel Eyes Pipeline to Export Natural Gas to Southern Europe

Παρ, 12 Σεπτεμβρίου 2014 - 12:52

Israel's foreign minister said on Wednesday the preferred way to export its recently discovered natural gas reserves to Europe would be via a pipeline to southern Europe.

Bulgaria's Kozloduv Electricity Would be Sold at a Rate of BGN 39/MWh (EUR 19)

Παρ, 12 Σεπτεμβρίου 2014 - 12:30

Westinghouse AP 1000 Unit in Bulgaria to Produce Electricity at BGN 39/MWh Plus The turnkey cost of the project is set at USD 5.3 billion which are to be covered by Kozloduy NPP.

Egypt Ratifies Treaty with Cyprus for Hydrocarbons

Παρ, 12 Σεπτεμβρίου 2014 - 12:29

The Cyprus Government welcomes with satisfaction the signing by the President of Egypt, Mr. Abdel Fattah al-Sisi, of the Presidential Decree which ratifies the framework agreement between the governments of Cyprus and Egypt regarding the development of hydrocarbon resources that stretch from the one side of the Median Line to the other.

1 MW Solar Power Plant Opens in Serbia's Beocin Municipality

Παρ, 12 Σεπτεμβρίου 2014 - 12:28

Serbian Minister of Energy Aleksandar Antic has opened a 1 MW solar power plant in Tancos, Beocin municipality, near Novi Sad.

ADMIE signs contract for Greek island electricity supply

Πεμ, 11 Σεπτεμβρίου 2014 - 13:58

Greek electricity grid operator ADMIE, fully owned by the country’s biggest power producer PPC, has signed a 240-million-euro project with foreign and local firms to connect Greek islands with the mainland grid.

SPI Solar to Snap up 26.6 MW of Solar Schemes in Greece

Πεμ, 11 Σεπτεμβρίου 2014 - 12:31

US company SPI Solar (OTCMKTS:SOPW) said yesterday it will take possession of 26.57 MW of solar projects in Greece through the EUR-70.6-million (USD 91.3m) acquisition of Malta-based Sinsin Renewable Investment Ltd, SRIL.

Business as Usual With a Bit of Green Won't Get Us There

Πεμ, 11 Σεπτεμβρίου 2014 - 12:30

Tackling climate change will be a key issue for the newly-elected European Parliament and for the new Commission, which will take office later this year. One person who has no doubts about the urgent need to galvanise climate action is former Irish president and current UN special envoy Mary Robinson. While in Brussels to meet with Parliament President Martin Schulz, she urged European politicians to show leadership on the issue.

Oil & Gas Prepayments to Rise - Fitch

Πεμ, 11 Σεπτεμβρίου 2014 - 12:29

Long-term prepayments from trading houses and other large buyers are likely to become an increasingly common form of funding for oil and gas companies, Fitch Ratings says. These deals are generally accounted for as standard sale contracts, but we will usually consider them part of a company's debt burden in our adjusted debt-related ratios.

Romania Needs Investments of Up To 5.0 bln euro/yr To Become Energy Independent

Τετ, 10 Σεπτεμβρίου 2014 - 12:45

Romania could become energy independent in 2020 but it needs annual investments of some 4.0-5.0 billion euro ($5.1-$6.4 billion) in the energy sector in order to achieve this goal, local media quoted minister delegate for energy Razvan Nicolescu as sayingon Tuesday.