Latest Articles about Central Europe
Warsaw Wavers Between Brussels and Gazprom
Moscow has apparently chosen Poland as a ground for testing the European Union’s common energy policy. In ongoing negotiations for a new supply agreement, Gazprom seeks to pressure Poland to circumvent or breach the EU’s legislation on energy market liberalization (Third Energy Package, 2009). Russia... MORE
Black Sea LNG Project: A Spoke in Nabucco’s Wheels?
On September 14 in Baku, the heads of state endorsed the Azerbaijan-Georgia-Romania Interconnector (AGRI), a project to import natural gas from Azerbaijan to Romania and onward to Hungary. The project involves the liquefaction of gas for shipment by tankers across the Black Sea from Georgia... MORE
Poland Detains Chechen Rebel Envoy as Violence Continues in the North Caucasus
London-based Chechen rebel envoy Akhmed Zakaev was arrested today (September 17) in Poland, where he had traveled to attend the World Congress of the Chechen People taking place in Warsaw on September 16-18. A Polish police spokesman told Reuters that Zakaev, who was granted political... MORE
Massive Funding In Prospect For Nabucco Pipeline Construction
On September 7 in Brussels, three leading international financial institutions launched the process of funding the Nabucco gas pipeline project, potentially to a multi-billion Euro level. The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank’s International Finance... MORE
MOL Well Placed to Fend off Surgut’s New Move
Russia’s Surgutneftegaz has filed a case in Budapest’s Metropolitan Court, seeking legal registration as a stakeholder in Hungarian MOL, the national oil and gas company. Surgut is asking the court to invalidate MOL’s April 2010 refusal to enter the Russian company’s shares in the Hungarian... MORE
Moscow Objects to Patriots in Poland
Last week US-Russian relations were dominated by the arrival and deployment of US soldiers with Patriot missiles in Poland near the Russian border. The Patriot deployment was agreed between Warsaw and Washington to offset possible Russian threats to station Iskander ballistic missiles in Kaliningrad in... MORE
Hungarian Government and MOL Positioning for a Solution With Surgut
At its annual meeting of shareholders on April 29, Hungarian MOL oil and gas company cemented its defense against a possible takeover move by Russian Surgutneftegaz. With corporate and legal defenses in place, and a new Hungarian government firmly installed after the landslide election victory,... MORE
The Polish Revelation for Russia – and the Latin American Dream
Two distinct and remarkably dissimilar international events developed in parallel in Russian foreign policy over the last two weeks: rapprochement with Poland and networking in Latin America. The latter started with Prime Minister, Vladimir Putin’s, visit to Venezuela and continued with President, Dmitry Medvedev’s, official... MORE
Surgut Misfires Once More Against Hungarian MOL
For the second consecutive year, Russia’s Surgutneftegaz has failed to crash the door of the Hungarian MOL’s annual general meeting of its shareholders and the board of directors. The April 29 event seems set to consolidate MOL’s defenses against such predatory takeover tactics. MOL’s oil-refining... MORE
Hungary Hosts Region-Wide Summit on Energy Security
The prime ministers of eleven countries in Central and Southeastern Europe met on February 24 in Budapest, for the first Energy Security Summit in this region. Hungary initiated the meeting as the current chairman of the Visegrad Four group of Central European countries, inviting the... MORE