Thu, Jun 20 2013
Turkey is carrying out fundamental reforms to address its huge energy challenge, and has an important role to play in the Energy Community, European Energy Commissioner Andries Piebalgs says.
Even as Nabucco accord is signed, doubts over supply and financing linger
EU governments have pledged 250 million euro to support the nearly eight billion euro project
Management contracts handed to Bulgarian Energy Holding directors spark controversy even before new Cabinet is sworn in
Two-horse race between EU-backed Nabucco and Russia’s South Stream pipelines looks to be heating up, but hurdles remain in the way of each project
Russia’s EU Trojan horse makes a change, as Bulgaria seems to have learned a lesson from January’s gas crisis - Europeanise its energy resources.
Was President Purvanov’s energy forum anything more than just hot air?
The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho.
The Eurostat data agency said that unemployment reached 10.9 per cent in March, up from 10.8 per cent in February. The March figure translates to 17.4 million people unemployed in the euro zone.
Citing three separate sources familiar with the deal, Capital Daily reports that the creditors found offers submitted by three bidders unsatisfactory.
Eurobank EFG is left with a 30 per cent stake in the merged entity but has said it will exercise its put option on the remaining holding.
The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe, said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.