The U.S. announced on 29 October the removal of sanctions imposed on Milorad Dodik, the former president of Bosnia and Herzegovina’s Republika Srpska. The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced on 29 October the removal of sanctions imposed on Milorad Dodik, the former president of Bosnia...
Russian state company defies Western sanctions with covert Sofia property sale
Russia's state-owned Goszagransobstvennost organised a secret auction to sell a property in the most expensive area of the Bulgarian capital. The Russian state-owned firm Goszagransobstvennost has organised a secret auction for the sale of a property in one of the most expensive areas of Sofia, according to the Bulgarian investigative...
Estonian experts dismissed rumors of spy gear at the Estonia ferry wreck
A number of German publications reported on the possible placement by Russia on the remains of the ship Estonia devices for monitoring the movement of ships in the Baltic Sea. However, the Estonian Ministry of Defence denied this information in an interview with ERR. According to the representatives of the...
EU to pool companies’ demand to buy more non-Russian gas
The EU is seeking to rapidly increase its LNG imports from the U.S,, according to a trade deal with President Donald Trump. The EU is seeking to rapidly increase its LNG imports from the U.S,, according to a trade deal with President Donald Trump. That will require countries still receiving...
New Vertical gas corridor to boost energy links from Greece to Ukraine by 2026
A regional project involving seven countries aims to replace Russian gas and expand transmission capacity across East and Central Europe. The Vertical Gas Corridor, designed to significantly increase gas supplies from LNG terminals at Greek ports on the Mediterranean through Bulgaria to Romania, Hungary, Slovakia, Moldova and Ukraine, is expected...
Albania’s Rama criticizes Europe for lacking a peace plan for Ukraine
In unusually blunt terms, the self-styled politician said that Europe is making a mistake by focusing only on armaments. From Riyadh, where he addressed the 9th Future Investment Initiative, Albanian Prime Minister Edi Rama delivered a stark warning to Europe. In unusually blunt terms, he declared: “Europe is making a...
Hungary aims to create an alliance with the Czech Republic and Slovakia before EU meetings
Hungarian Prime Minister Viktor Orbán looks forward to working with Andrei Babiš, whose right-wing populist party won the parliamentary elections in the Czech Republic, and Slovak Prime Minister Robert Fico, to reach a consensus before EU leaders' meetings. «I think this will happen - and will become more and more...
Lukoil to sell all foreign assets as Balkans face perfect oil storm
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...
Bulgaria, Rheinmetall seal 1 billion euro deal to produce gunpowder and ammunition
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 gas field off Cyprus edges toward development as key geals signed
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...