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Bulgaria to File Claims if Brussels Blocks South Stream Project

Bulgaria to File Claims if Brussels Blocks South Stream Project

Τρι, 22 Απριλίου 2014 - 14:11

Bulgaria will seek compensation if the European Commission decides to block the South Stream gas pipeline since the country’s economy is dependent on the project's implementation, the energy ministry said last week.

European Parliament: South Stream Should Not Be Built

European Parliament: South Stream Should Not Be Built

Πεμ, 17 Απριλίου 2014 - 12:30

The European Parliament believes that the pipeline South Stream should not be built according to a resolution made by the representatives of several European parties, Bulgarian National Radio reported.

Trans Adriatic Pipeline (TAP) Re-launches its Procurement Process

Trans Adriatic Pipeline (TAP) Re-launches its Procurement Process

Τρι, 15 Απριλίου 2014 - 13:52

TAP has taken the decision to re-launch its procurement process, following a review of its strategy and schedule. TAP will therefore initiate new pre-qualifications for goods and services that the natural gas pipeline project requires.

EBRD Investments in Serbia may top 1.0 bln euro in 2014-2018

EBRD Investments in Serbia may top 1.0 bln euro in 2014-2018

Τρι, 15 Απριλίου 2014 - 13:05

The European Bank for Reconstruction and Development (EBRD) plans to provide at least 1.0 billion euro ($1.38 billion) in funds to Serbia in 2014-2018, focusing on boosting the competitiveness of private businesses, strengthening the banking sector and upgrading the energy and infrastructure sectors, the lender’s country director for Serbia said.

Sole 40% CO2 Cut Target Will Cut EU GDP by 2030

Sole 40% CO2 Cut Target Will Cut EU GDP by 2030

Δευ, 14 Απριλίου 2014 - 12:37

EU plans for a sole binding 40% greenhouse gas reduction target by 2030 will lead to a drop in the continent’s GDP of between 0.1% and 0.45% on current trends, according to an overlooked passage in the impact assessment which accompanies the proposal.

Fitch: EUs Latest Guidelines Add Price Risks for Renewables Projects

Fitch: EU's Latest Guidelines Add Price Risks for Renewables Projects

Δευ, 14 Απριλίου 2014 - 12:04

The European Commission's latest guidelines on support for renewable energy will weaken the risk profile of new projects by exposing them to both price and volume risks, Fitch Ratings says. In the longer term, however, the guidelines should help provide a stable regulatory environment by reducing the risk of incentives becoming unsustainable.