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Turkmenistan Opens Up To Multi-party Politics

Παρ, 26 Σεπτεμβρίου 2008 - 19:53

The Central Asian state of Turkmrnistan formally endorsed political pluralism and market economics for the first time Friday by approving a new constitution.

Turkish Pres: Long Term Economic Growth Outlook Strong

Παρ, 26 Σεπτεμβρίου 2008 - 19:51

Turkish President Abdullah Gul in a speech Thursday avoided focusing on the short-term economic challenges faced by his country, stressing instead its positive long-term growth prospects.

Ukrainian PM Tymoshenko Sees Gas Deal With Russia By End Oct

Παρ, 26 Σεπτεμβρίου 2008 - 19:50

Ukrainian Prime Minister Yulia Tymoshenko said Friday she expected Ukraine to sign a deal by the end of next month with Russia on the delivery of gas starting from 2009.

China, Germany Say Unity Key On Iran Nuclear Program

Παρ, 26 Σεπτεμβρίου 2008 - 19:49

The foreign ministers of China and Germany agreed Thursday that world powers must be united in their approach to Iran over its disputed nuclear program, the AFP reported, citing an unnamed diplomatic source.

Gazprom To Increase Investment To RUB1 Tln In 09

Παρ, 26 Σεπτεμβρίου 2008 - 19:47

Russia's natural gas monopoly OAO Gazprom (GAZP.RS) will increase its investment program to about 1 trillion rubles ($39.90 billion) in 2009 from RUB850 billion in 2008, news agency Prime-Tass reported Friday, citing Gazprom Deputy CEO Alexander Ananenkov.

RWE To Buy Back Up To 600,000 Shrs From Oct 1 To Oct 31

Παρ, 26 Σεπτεμβρίου 2008 - 19:46

Germany utility RWE AG said Friday it intends to acquire in the time period from Oct. 1, 2008 through no later than Oct. 31, 2008 up to a maximum of 600,000 shares of RWE AG.

Gas Stations Running Dry as Strike Goes on

Πεμ, 25 Σεπτεμβρίου 2008 - 14:13

Eight in 10 gas stations in Attica had run out of unleaded fuel last night and the remainder are expected to do so today as customs officials continue their strike for a fourth day over fears that they will lose bonus payments.

Gas Hike

Πεμ, 25 Σεπτεμβρίου 2008 - 14:11

Bulgaria’s energy regulator proposed raising natural gas prices by 29 percent for the fourth quarter to enable the country’s main supplier to fund imports from Russia. The proposal follows a request for a 36 percent increase from Bulgargaz AD, which imports gas from Russia’s OAO Gazprom.

EBRD Plans to Invest 150 mln Euros in Turkey

Πεμ, 25 Σεπτεμβρίου 2008 - 14:04

The European Bank for Reconstruction and Development plans to invest 150 million euros ($220 million) in Turkey in 2009 and 300 million euros in 2010, the bank said in a document published yesterday. The EBRD’s board of directors said on Tuesday it recommended Turkey become the development bank’s 30th country of operation, or recipient of funds, although the decision requires the final approval of the bank’s board of governors.

Turkey Gives Green Light for Sale of 2 Power Grids

Πεμ, 25 Σεπτεμβρίου 2008 - 14:01

Turkey’s High Board of Privatization approved the sale of two power grids to foreign-Turkish partnerships, paving the way for the grids to be handed over to new owners, the official government gazette said yesterday. Sabanci Holding and Austria’s Verbund made the top bid of $1.225 billion for the power grid in the Ankara region last July.

Russian Ally Kazakhstan Cuts Georgia Business Deals

Πεμ, 25 Σεπτεμβρίου 2008 - 12:01

Russia's ally Kazakhstan has pulled out of business deals worth billions of dollars in Georgia, a state company official said Thursday, the month after a conflict between Russia and Georgia.

Azerbaijan Reducing Trans-Caucasian Pipeline Reliance

Πεμ, 25 Σεπτεμβρίου 2008 - 11:58

Azerbaijan has responded to the Georgian crisis by reducing its reliance on trans-Caucasus oil pipelines, increasing shipments to Russia and starting to sell crude to Iran, the Financial Times reports Thursday.

Iran Seeks Foreign Invest For $8B Gas Pipe

Πεμ, 25 Σεπτεμβρίου 2008 - 11:56

Iran may allow international companies to build and run an $8 billion gas export pipeline in an effort to boost sales to Europe, a top government official said.