In June, Polish oil firm PKN Orlen said it would merge with Poland’s national gas provider PGNiG and notify the deal to Brussels by the end of 2020. According to the Prime Minister Mateusz Morawiecki a combined energy group...
Russia’s major corporations have been reporting decimated profits due to the COVID-19. Companies in the natural resources sector, the cornerstone of the country’s economy, have gone through difficult times. On the other hand,...
Will it, won’t it? The future of the Nord Stream 2 gas pipeline linking Russia and Germany is almost upon us and it’s still no clearer where we are. Poland hopes that the US sanctions will delay the project but is aware they...
On Easter, representatives of oil-producing countries (OPEC+) have reached an agreement on limiting production. Before the official confirmation the price of oil jumped up but later fell again and on April 14th, both the US and...
There is a growing number of signals indicating that after several years of marching towards the West, the Ukrainian economy is now making a turn to the East. In 2019, Russia ranked the third on the list of countries whose...
Many analysts believe that the Russian economy has reached a dead end. The crisis is deepening and experts agree that with the existing internal and external conditions the current growth potential of the Russian economy does not...
Russia’s refusal to extend its USD multi-billion energy subsidies to Belarus since the start of this year, as well as its reluctance to retain the previous level of credit support to its neighbor, will likely put Minsk’s...
The Eastern Opening (Keleti Nyitás) is a major economic strategy of Hungary. Prime Minister Victor Orbán has an objective to reduce the dependency of the Hungarian economy on trade with the West through increased commerce with...
Although Russia is still among the three global leaders in oil production, it only ranks the 8th in terms of the size of controlled oil reserves. But they are already heavily depleted and there are no new oil deposits that would...
For almost three years Croatia is trying to renationalize its major oil&gas company INA. Hungarian MOL is the major shareholder with 49.1 per cent of shares, while the Croatian government has 44.8 per cent of shares.