Russia says Balkan pipeline deal to be signed by year's end

Visits

Russia, Greece and Bulgaria will sign an agreement by the end of the year on a new pipeline to export Russian oil, Russian Deputy Energy Minister Andrei Dementiev said in an e-mail yesterday. The pipeline from the Bulgarian city of Burgas to the Greek port of Alexandroupolis will top the agenda when Russian President Vladimir Putin meets Greek Prime Minister Kostas Karamanlis in Athens on Sept. 4. Bulgarian Prime Minister Sergei Stanishev is also expected to attend the meeting. The 285-kilometer (177-mile) link will cost an estimated € 700 million ($900 million) and will enable tankers carrying Russian crude from the Black Sea to avoid Turkey's crowded Bosporus and Dardanelles straits. The expected capacity is 35 million tons per year. (Bloomberg)

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.