European Union
“Open Balkans” Important for Economic Future of the Region
President of the Republic of Serbia Aleksandar Vucic said, opening the Summit of Leaders within the “Open Balkan” initiative, that the success of this project depends on the extent to which member countries of this initiative will manage to ensure…
EU plan to cut gas use by 15 per cent set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August). The EU regulation enshrining the plan…
EBRD and EU boost Serbian Family Business
Bimbo is a family-run business that specialises in designing and refurbishing retail outlets, offices, hotels and public buildings. And just like many other family firms in the region that were set up in the 1990s, it is now at a…
Global Coal Demand is Set to Return to its All-Time High in 2022
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report, which notes that significant uncertainty hangs over the outlook for…
EU Solar Set to Save Additional 4.6 BCM Gas in 2022
As the European Commission launches its solidarity action to reduce gas consumption this winter, SolarPower Europe reveals the bloc is set to exceed even the highest projections of solar power generation in 2022. Around 39 GW of additional EU solar…
Save Gas for a Safe Winter: Commission Proposes Gas Demand Reduction Plan to Prepare EU for Supply Cuts
The European Union faces the risk of further gas supply cuts from Russia, due to the Kremlin’s weaponisation of gas exports, with almost half of our Member States already affected by reduced deliveries. Taking action now can reduce both the…
EBRD and EU to Support Transition to Solar Energy in North Macedonia
Decarbonisation plans in North Macedonia are taking a big leap forward. The European Bank for Reconstruction and Development (EBRD) is lending EUR 25 million to ESM, the state-owned electricity company, to build a 30 MW photovoltaic (PV) project consisting of…