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

The fictional character, George Smiley, was fond of saying that bargaining with the Russians tends to result in giving away the Crown Jewels in return for chicken feed.  Unfortunately, the same cannot be said about what is currently being bargained away by the West to... MORE

Beijing is waging an economics-focused diplomacy of reassurance to counter the “China Threat” theory and to augment its political clout particularly in the Asia-Pacific and European regions. In the last two years of its term of office, the Hu Jintao leadership is expected to use... MORE

The European Commission is calling for changes to the Bulgarian-Russian inter-governmental agreement on the South Stream gas project. The project agreements, just signed for the Bulgarian section of this Gazprom-led project (EDM, November 16) are also generating serious complications in and for Bulgaria.On November 15... MORE

Russian Prime Minister, Vladimir Putin, and Gazprom CEO, Aleksei Miller, have collected Bulgaria’s signature on the South Stream project on November 13 (“Bulgaria Rejoins Gazprom’s South Stream Project,” EDM, November 16).The signing marks the latest move in a rapid expansion of Kremlin-controlled energy companies into... MORE

On November 13 in Sofia, Russian Prime Minister, Vladimir Putin, and his Bulgarian counterpart, Boyko Borissov, witnessed the signing of Bulgaria’s accession to Gazprom’s South Stream project (Interfax, BTA, Novinite, November 13, 14; Dnevnik, 24 Chasa, November 14, 15; Kommersant, Vedomosti, November 15, 16).Bulgaria holds... MORE

On November 9, the European Commission published its 2010 progress report on Turkey’s performance in the accession process. Against the background of the declining popularity of EU membership in Turkey, the report has raised interest in the EU process. Yet, it remains to be seen... MORE

Russian Prime Minister, Vladimir Putin’s, October 27 visit to Kyiv confirmed that the honeymoon in bilateral relations, which followed Viktor Yanukovych’s election as president last February, is over. It is clear now that the ruling elite in Ukraine, although viewed by many as pro-Russian, are... MORE

There are several indications that the relatively passive Belarusian population favors fundamental changes in political and economic life. Some activists, such as presidential candidate, Andrei Sannikau, perceive a groundswell of popular sentiment that could sweep away the Lukashenka leadership in the presidential elections to be... MORE

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