In a last-minute reversal, Croatia has decided to request the European Commission’s opinion on legal amendments that would bar Hungarian MOL from acquiring more than 49 percent of ownership shares in Croatia’s oil and gas company, INA. The Croatian government’s September 29 meeting had been... MORE

Ukraine’s poor relations with Russia are nothing new as they also existed under the “pro-Russian” Leonid Kuchma. Nevertheless, Kuchma had to deal with the more democratic Russian President Boris Yeltsin, whereas the certainty of Vladimir Putin returning as Russian President in March 2012 means that... MORE

For the last fifteen years, Belarus has been the world’s leader in terms of the sheer number of predictions of its imminent economic collapse. And yet since 1996, the country has demonstrated steady, impressive and, in the words of a 2005 World Bank report, “broad-based”... MORE

To reduce its dependence on expensive Russian natural gas, Ukraine proposes to import Azerbaijani liquefied natural gas (LNG) via Georgia and across the Black Sea to Ukraine. Recent gas discoveries in Azerbaijan, and the reactivation of the Turkmenistan-Azerbaijan gas pipeline project, encourage a growing number... MORE

Ukrainian President Viktor Yanukovych met with his Russian counterpart Dmitry Medvedev and Prime Minister Vladimir Putin near Moscow on September 24 in a last-ditch attempt to persuade the ruling tandem to lower gas prices for Ukraine. The officials involved have avoided saying anything specific about... MORE

Baku expects three gas transportation consortiums to submit competing bids by October for the gas production of Azerbaijan’s Shah Deniz field, Phase Two. The rival projects are Nabucco (Turkey-Bulgaria-Romania-Hungary-Austria, potentially reaching Germany), ITGI (Interconnector Turkey-Greece-Italy), and TAP (Trans-Adriatic Pipeline, linking Turkey via Greece and Albania... MORE

Amidst growing concerns about the escalation of Turkish-Israeli tensions in the Eastern Mediterranean, Ankara’s decision to undertake seismic exploration for oil and gas – in retaliation for the Greek Cypriot administration’s ongoing exploration activities – further raised tensions in the region. Recently, the Greek Cypriots... MORE

The Russian Ministry of Economic Development has issued a bleak prognosis for the economic future of Belarus, anticipating that the country will enter a period of recession in 2012, which will be followed by gradual recovery in future years (www.naviny.by, September 24). The report contrasts... MORE

On September 22 in Moscow, participants in international negotiations on the Transnistria conflict announced their collective intention to re-launch official negotiations after a five-year breakdown. This means that Russia and Tiraspol authorities have finally stopped refusing to engage in negotiations, although they continue to set... MORE

All three of Latvia’s Western-oriented parties together won the September 17 parliamentary elections on the basis of a common set of values: commitment to NATO and the EU, market economics, and consolidation of the Latvian society in the Latvian state. As in any multiparty system,... MORE