Pumps may run dry in the region until Russian companies find buyers for their refineries in Bulgaria, Romania, and Serbia. Russian oil company Lukoil announced on Monday that it has begun selling all its international assets following the sanctions imposed by the United States. “Lukoil informs that owing to the…

Sofia will finance its stake with a loan under Europe’s SAFE borrowing mechanism to boost defence investment. Bulgaria will become a center of competence in the defence industry for the whole of Europe, Rheinmetall’s Armin Papperger said at the signing. Bulgaria and European defence giant Rheinmetall on Tuesday (28 October)…

Cronos operator Eni signed three commercial deals in Limassol last week, pushing ahead with plans to get first gas to market by 2027. Italian energy giant Eni took a significant step forward in developing its Cronos gas find in Block 6 of Cyprus’ exclusive economic zone after signing three commercial…

While Trump began piling pressure on Russia after Putin’s reluctance to engage in peace talks, the latter turbo-boosted his defiance with nuclear weapons. Russia has successfully tested its nuclear-powered Burevestnik cruise missile, a nuclear-capable weapon Moscow says can evade any defence system, and will move towards deploying the weapon, President…

The former clinical psychologist is one of the leading pro-Palestinian voices in parliament – a stance shared by government and most voters. Catherine Connolly, a veteran lawmaker on the far left of the Irish political spectrum, was elected president by a landslide margin on Saturday in a stinging rebuke to…