Montenegro starts with research to determine whether it has enough resources to achieve a commercial use of oil and gas. Convoy of seismic exploration ships arrived on Montenegrin territorial waters, including the largest 117-meter long Polar Empress in Norway.

The Belarusian budget may lose 20 per cent of its annual revenues as a result of the increases of the price of Russian oil. The Russian-Belarusian economic relations are unique in history, but may not last forever.

The price of oil has been rising for the past several months. Historically, there has always been a strong positive correlation between the prices of crude oil and the prices of food.

Ukrainian Naftogaz brings 16 per cent of state budget revenues

Romania lacks skilled workers

Ukraine paid sixth coupon on government external loan bonds

Romania: the number of foreign tourist down in July 2018

Serbia will have GDP growth of 4 per cent

Bulgaria: revenue from tourist overnights up

Ukraine and Russia prepare for “gas talks”

Hungarian MOL with EUR555m revolving credit facility

Russia, the world’s biggest oil producer, has been gradually redirecting its oil exports from Europe to the increasingly more promising Chinese market, as China became the largest oil importer in the world.

The Croatian Ministry of Environmental Protection and Energy announced the proposal of a special Liquefied Natural Gas Terminal Act, which would directly assign LNG Croatia's maritime concession to the floating LNG terminal.

After a period of decline, the RUB in the beginning of 2018 to hit RUB56/USD and RUB70/EUR as oil prices passed the USD65 per barrel mark, making the Russian currency one of the best performing in the world this year.