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Bulgaria Faces Looming Energy Crisis by 2038, Warns Expert
Energy expert Ivan Hinovski has issued a stark warning about Bulgaria's future energy prospects, highlighting the imminent threat of losing all base capacities by 2038. Speaking on Nova TV, Hinovski emphasized the critical importance of securing the agreement for the seventh unit of the Kozloduy Nuclear Power Plant (NPP) to ensure a reliable energy source in all weather conditions.
Lucic: Telekom Srbija delegation had series of important meetings in US
BELGRADE - Telekom Srbija CEO Vladimir Lucic says a delegation of the Serbian telecoms operator has recently had a series of important meetings in the US - including at the State Department and the EXIM bank - and announced plans for Telekom Srbija to expand to the US market this year.
Greece and China boost shipping finance cooperation
Cooperation between Greece and China on shipping finance is set to receive a boost after a conference held at the major Greek port of Piraeus on Wednesday.
China’s CRBC Keen to Build Montenegrin Highway’s Next Stretch
Montenegrin Government and CRBC officials at the Bar Boljare highway first phase opening ceremony. Photo: Government of Montenegro
According to a government report published on Wednesday outgoing Finance Minister Aleksandar Damjanovic and CRBC official Hei Shiquiang met on July 3 about potential cooperation on the construction of the second and third phases of the highway.
Montenegro Seeks Cash to Build Highway’s Second Phase
The first phase of the Montenegrin Bar-Boljare highway. Photo: Government of Montenegro
On July 13, Prime Minister Dritan Abazovic opened the first section of the highway, seven years after the Chinese-financed project started, and drove up Montenegro's public debt to 90.85 per cent of GDP.
Montenegro NGOs Urge Govt to Reveal Highway’s True Cost
Montenegrin officials at the opening of Bar-Boljare highway first section. Photo: Government of Montenegro.
On Wednesday, Prime Minister Dritan Abazovic opened the first section of the highway, seven years after the Chinese-financed project started and drove up Montenegro's public debt to 90.85 per cent of GDP.
Vučić with the President of China: "Steel Friendship" VIDEO / PHOTO
Vui, who is on a two-day visit to China, posted photos of the meeting on his Instagram account.
"This is the seventh official meeting with the President of the People's Republic of China Xi Jinping. It is important for us to continue to build good relations and for our cooperation to grow in all areas," he wrote.
Montenegro Authorities Exaggerated Cost of Highway, Surveys Show
The first stretch of the Bar-Boljare highway in Montenegro. Photo: Government of Montenegro
According to a feasibility study by URS Infrastructure and Environment, a British engineering consultancy, the first phase of the highway should cost $803 million euros, while a study by another British consultancy, Scott Wilson Group, said it should cost $570 million.
Montenegro Reduces Currency Risk on Costly Chinese Highway Loan
The first phase of Bar Boljare highway in Montenegro. Photo: Government of Montenegro
The Chinese loan for the first phase of Bar-Boljare highway has imposed a heavy burden on Montenegro's public finances.
Minister of Finance and Social Care Milojko Spajic said an arrangement was made with two unnamed US banks and one from France, converting the loan from US dollars to euros.
Danish energy firms focus on Turkey as virus disrupts supply
More and more Danish companies are focusing on Turkey as a regional hub for sector product and equipment sourcing and exports, according to the Danish Consul General, Anette Snedgaard Galskjot.