
Latest Articles about Central Europe

Gazprom-Austrian OMV Agreement: A Political Blow To Nabucco
After selling a large block of shares in Hungarian MOL to the Kremlin-connected Surgutneftegaz, Austrian OMV CEO Wolfgang Ruttenstorfer’s final gift to European energy security is an agreement with Gazprom that interferes with the EU-backed Nabucco project. On February 21 in Moscow, Gazprom CEO Aleksei... MORE

Austrian OMV Helped Russian Surgut Launch Takeover Attempt Against Hungarian MOL
Two parallel court proceedings in Vienna have confirmed that Austrian OMV and Russian Surgut Neftegaz had coordinated their hostile takeover attempts against Hungarian MOL. The Austrian and the Russian company were targeting MOL’s oil-refining business, which is recognized as the most efficient in Central Europe.... MORE

“Eagle Guardian” and the Strange Case of the Leak Without Legs (Part Two)
As WikiLeaks exposed details concerning “Eagle Guardian,” Russian President Dmitry Medvedev was concluding the first such state visit to Poland in eight years. For most of that period relations between Warsaw and Moscow had progressively worsened. But over the last year dramatic improvements have occurred,... MORE

“Eagle Guardian” and the Strange Case of the Leak Without Legs (Part One)
For more than a month the media was full of accounts of the latest revelations from WikiLeaks broadcasting US diplomatic cables to the world. The international speculation about the ramifications of the world reading US classified diplomatic traffic gave birth to a media frenzy and... MORE

Surgut Neftegaz is Thwarted in Hungary, While Austria Examines OMV-Surgut Deal
Vienna’s Prosecutor Office announced on November 17 that it has brought charges against OMV’s oil and gas company CEO, Wolfgang Ruttenstorfer, following the Austrian financial regulators’ investigation into OMV’s sale of a large stake in Hungarian MOL to Russian Surgut Neftegaz (Austria Presseagentur, November 17,... MORE

Russia Targeting Oil Assets in Poland and Lithuania
On October 30, Poland announced its intention to privatize the state-owned majority stake in the country’s second-largest oil industry concern, Lotos Group. The Polish government is inviting interested parties to pre-tender talks on the Lotos Group. The government has already talked with the Russian government... MORE

Polish Government Defends Nontransparent Gas Agreement with Russia
The Russian-Polish gas agreements (“Russian-Polish Gas Agreement Leaves Key Questions Unanswered,” EDM, November 2) mark an unprecedented turnabout by the Polish government, siding with Russia and Gazprom despite the European Commission’s cautionary advice (EDM, October 4, 5). The Commission’s concerns are of a legal and... MORE

Russian-Polish Gas Agreement Leaves Key Questions Unanswered
On October 29 in Warsaw, the Polish government and state gas company signed long-term supply and transit agreements with Russia, despite strong cautionary advice and warnings of legal action by the European Commission (EDM, October 4, 5). The agreements prolong and entrench Polish dependence on... MORE

Another Chance for the Odessa-Brody Pipeline
Using the Odessa-Brody oil pipeline as originally intended, south-north, is under active consideration again; this time, by the governments of Ukraine and Belarus. The pipeline is being used since 2004 in reverse, north-south, by Russian oil companies, for exports out of Odessa. Such reverse-use blocks... MORE

Hungary-Romania Gas Interconnector: First Step Towards Region-Wide Network
On October 14, Hungary and Romania inaugurated a gas pipeline connecting the two countries’ transmission systems. The Szeged (Hungary) – Arad (Romania) pipeline is the first in a series of interconnector projects supported by the EU in Central and Southeastern Europe. The EU’s Energy Commissioner,... MORE