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Commission Impedes Greek Armaments Programs - Some See German Proding

The Commission is making an unprecedented intervention in Greece's national security policy, sending a written request to Athens to submit data on the investment-industrial part of the Air Force and Navy programs, before launching proceedings in the European Court of Justice

Romania’s Nuclearelectrica 9-Mo Net Profit Up 14.8% Y/Y on Lower Operating Expenses

Nuclearelectrica, the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Thursday that its net profit rose 14.8% on the year to 477.7 million lei ($116 million/98 million euro) in the first nine months of 2020 due to lower operating expenses

Eni to Use Artificial Light Technology to Trap CO2

Italian Eni launched a pilot plant for the biofixation of carbon dioxide through the cultivation of microalgae with the aid of artificial LED light, the company announced on Thursday

State Leaders Endorse Green Agenda for Western Balkans at Sofia Summit

Bulgarian Prime Minister Boyko Borissov said countries in Southeastern Europe that intend to join the European Union agreed with its Green Agenda for the Western Balkans. The summit was organized in Sofia within the Berlin Process and co-hosted by North Macedonia’s Prime Minister Zoran Zaev

Lufthansa Appoints New Chief Financial Officer Amid Pandemic

Lufthansa has appointed Remco Steenbergen as its new chief financial officer (CFO), with a start date of Jan. 1, a statement from the German airline said Wednesday

Serbia's Subotica Approves Regulation Plan for 600 MW Wind Farm

Serbia's Subotica city assembly said it has approved a detailed regulation plan for the construction of a 600 MW wind farm by local company Maestrale Ring, a subsidiary of Fintel Energija [BEL:FINT], it said

G20 Backtracks on Fossil Fuel Funding Phase-Out

Despite repeated pledges to end inefficient fossil fuel subsidies, the support of G20 governments for fossil fuels and fossil fuel-intensive sectors has reached $243 billion through COVID-19 economic recovery programs, a new report showed Tuesday

Poland’s Szczecin Port Conducts First LNG Bunkering

State-owned oil and gas firm PGNiG and bitumen producer LOTOS Asfalt cooperated to perform the truck-to-ship bunkering at the wharf of Szczecin port with the use of cryogenic LNG tankers

SUNLIGHT, SEAGULL, and CROWN Strategic Partnership on Lithium Batteries in the Supply Chain Sector, With a Strong Environmental Footprint

SUNLIGHT, a member of Olympia Group and a leading technology company in the production of batteries and energy storage systems, is participating in one of the largest strategic partnerships of recent years in Greece, with a critical role in strengthening green infrastructure and investment through the use of lithium batteries.

Morocco Building Africa's Largest Water Treatment Plant

Turkey's Daily Power Consumption Up 1.03% on Nov. 5

Turkey's daily electricity consumption increased by 1.03% on Thursday compared to the previous day to reach 832,551 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

Bulgaria Asks EU for Compensation Mechanisms to Cut CO2 Emissions by 2030

Bulgaria could approve the EU's target to reduce carbon dioxide (CO2) emissions by 55% by 2030, provided that the country is supported through adequate compensation mechanisms, the government said

Polish Oil Group PKN Orlen Seeks Opportunities to Expand in Romania

Polish oil refiner and fuel retailer PKN Orlen said it is analyzing attractive development directions, including a possible expansion in Romania. PKN Orlen officials met with the Romanian Government representatives to identify potential business opportunities on the local market, the group said in a press release on Thursday