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International Information Centre for Balkan Studies



New FSRU in NE Greece expected to begin operation in H2 2020

Work is continuing on schedule for the installation of a floating storage regasification unit (FSRU) off the extreme northeast port of Alexandroupolis, according a spokesman for Gaslog, one of the partners in the consortium behind the project.

Read more: New FSRU in NE Greece expected to begin operation in H2 2020

TAP country manager: 493 out of 550 km in Greece portion of pipeline laid down

Construction of the 550-kilometer Greek portion of the TAP natural gas pipeline is proceeding at a fast pace, according to the newly appointed country manager for the pipeline project, Katerina Papalexandri. 

Read more: TAP country manager: 493 out of 550 km in Greece portion of pipeline laid down

Volume of Turkish private sector’s foreign loans increases

The volume of the Turkish private sector’s outstanding long-term loans received from abroad rose to $220.6 billion as of December 2017, while short-term loans stood at $18.3 billion, according to an official report on Feb. 19, 2018.

Read more: Volume of Turkish private sector’s foreign loans increases

Wieser: Greek crisis in 2015 actually cost country 200 bln € in damages

Former Euro Working Group (EWG) head Thomas Wieser on Monday (12.02.2018) struck again in relation to the Greek crisis era, especially during the "annus horribilis " of 2015, saying he estimates total damages for the country from the shambolic negotiations between Athens and creditors during the first half of the year at double than previous believed, namely, 200 billion euros.

Read more: Wieser: Greek crisis in 2015 actually cost country 200 bln € in damages

Cyprus, Turkey spar after warships block gas drilling ship

Cyprus yesterday (11 February 2018) insisted Turkey had breached “international law” after Ankara’s warships blocked an Italian drilling ship on course to explore for gas in the island’s politically sensitive waters.

Read more: Cyprus, Turkey spar after warships block gas drilling ship

Greece returns to markets with 7-year bond

Greece returned to the markets on 08.02.2018 with a seven-year bond, an offering that was only temporarily postponed earlier in the week due to a mini crash in stock exchanges around the world.

Read more: Greece returns to markets with 7-year bond

Bulgaria's exports increased 10.7 per cent in 2017

Bulgaria exported goods worth more than 52.2 billion leva* in 2017, an increase of 10.7 per cent compared with 2016, according to the National Statistical Institute.

However, the total foreign trade balance in 2017 was negative, adding up to more than six billion leva, the NSI said.

Read more: Bulgaria's exports increased 10.7 per cent in 2017

1.5 bln€ in EIB funding for TAP natgas pipeline

The European Investment Bank's (EIB) board of directors, in a first session of 2018, on Tuesday (06.02.2018) announced that the development bank will provide funding of 1.5 billion euros for the Trans Adriatic Pipeline (TAP) natural gas pipeline connecting Turkey, Greece, Albania and Italy via the Adriatic.

Read more: 1.5 bln€ in EIB funding for TAP natgas pipeline

Vesselsvalue.com: Value of Greek-owned fleet again exceeds 100 bln USD

The value of Greek-owned shipping assets has again exceeded 100 billion USD, after plunging as low as 95 billion over recent years, primarily due to a decrease in the value of vessels.

Read more: Vesselsvalue.com: Value of Greek-owned fleet again exceeds 100 bln USD

EIB boosts the Western Balkans’ economies and fosters European integration

  • In 2017, total disbursements stood at EUR 548m
  • In 2018, four new loans and two grants have been signed in Serbia worth EUR 347m: Railway Nis-Dimitrovgrad, and credit lines to Banca Intesa Beograd, Erste Bank and Societe Generale Serbia in support of SMEs
  • Strong focus on the Economic Resilience Initiative (ERI) aimed at addressing the challenges posed by the migration crisis

    Read more: EIB boosts the Western Balkans’ economies and fosters European integration

Eurogroup and Greece

22.01.2018

The Eurogroup welcomes the implementation of almost all of the agreed prior actions for the third review, following the staff level agreement on the policy package that was presented to the 4 December 2017 Eurogroup.

Read more: Eurogroup and Greece

Romanian leu weakens to all-time low values

On Monday (22.01.2018), and after extensive rallies over the weekend, following political unsteadiness, the standard monetary unit of Romania, the leu fell to historic lows.

Read more: Romanian leu weakens to all-time low values

Kosovo lacking capacities for alternative energy

Energy experts in Kosovo say that despite the great need for alternative energy, Kosovo has no capacities to replace coal with renewable energy sources such as wind, sun, water, etc.

Renewable energy is clean and it doesn’t damage the environment, experts say.

Read more: Kosovo lacking capacities for alternative energy

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