Deliveries of Russian natural gas to Balkan countries via Ukraine and Moldova are down by approximately one half, following the April 1 explosion on the transit pipeline in Moldova. The blast is attributed to a landslide that followed days of heavy rain. It crushed the... MORE

It took an eleventh-hour lobbying effort by the separatist leader of South Ossetia Eduard Kokoity to avert a serious fiscal crisis in the breakaway republic. On March 26, Kokoity led a delegation from South Ossetia to meet the Minister of Regional Development, Victor Basargin and... MORE

Russia's electricity suppliers have moved to resume exports from the country's Far East to China amid declining domestic demand. Russia's energy executives have announced that the region's major electricity exporter, the Bureiskaya hydropower plant, will reach its maximum designed capacity later than expected. On March... MORE

Russian expansion into European energy industries stands poised to cross a new threshold with the stealthy acquisition of a large stake in Hungary's privately owned MOL by Russia's Kremlin-controlled Surgut Neftegaz (EDM, April 2,). This move entails a number of bold novelties. First, Surgut's lack... MORE

The local elections in Turkey on March 29, widely regarded as a referendum for the ruling Justice and Democratic Party (AKP) as well as for its Prime Minister Recep Tayyip Erdogan, raised questions over whether democratic reforms will now be initiated. Oli Rhen, the EU... MORE

President Viktor Yushchenko was vexed when European Commission President Jose Barroso suggested that he and Ukrainian Prime Minister Yulia Tymoshenko should make peace for the sake of Ukraine's stability. "I don't want to get advice on what to do anywhere in Europe, this is humiliating,"... MORE

Surgut Neftegaz appears to have vastly overpaid for OMV's stake in MOL. The Russian company bought the 21.2 percent stake for 1.4 billion Euros on March 30 on the Budapest stock exchange. The average purchase price per share was 19,200 Hungarian Forint, almost double the... MORE

The Kremlin-connected oil company Surgut Neftegaz has surreptitiously bought Austrian OMV's entire 21.2 percent stake in Hungary's MOL Oil and Gas Company. European Union authorities, the privately owned MOL, and Hungary are aghast at Surgut's move and OMV's collusion with it. Budapest and Brussels were... MORE

Official data released after the local elections in Turkey shows that the global financial crisis has affected the economy more severely than the ruling Justice and Development Party (AKP) has acknowledged. Turkey's economic growth dropped sharply in the last quarter of 2008, and its exports... MORE

The political stakes are intensifying in Kyrgyzstan as the presidential elections scheduled for July 23 has revealed that several political leaders might challenge the incumbent president Kurmanbek Bakiyev. The country's main opposition bloc, the United National Movement (UNM), however, is currently frantically searching for suitable... MORE