In order to diversify its sources of crude oil supply, Poland is importing less oil from Russia and more from other countries, such as Kazakhstan, Nigeria and the United Arab Emirates.
PKN Olren among the world’s most ethical companies
SK Innovation to invest EUR750m in Hungary
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.