Montenegro the 42nd freest economy in the world

Montenegro has improved its position and advanced to the 42nd spot from 80th, according to the Economic Freedom of the World 2021 Annual Report published by the Fraser Institute. Supported by its strong performance in the sound money area, the Balkan nation saw its rating climbing up the most among all 11 countries in Southeast Europe (SEE). The report, which was first launched

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Gazprom rumps up supplies to Romania, Serbia, Bulgaria, Greece

Russian energy giant Gazprom gas exports to four SEE countries rose sharply in January-August 2021. The company ramped up its supplies to Romania (by 344%), Serbia (by 123.9%), Bulgaria (by 50.9%) and Greece (by 15.8%). In total exports to Far Abroad countries (Europe plus Turkey minus the countries of the former Soviet Union) reached 131.3 bcm. The increase amounted to 19.4% year-on-year, or 21.3 bcm. Gazprom’s supplies are

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Romania’s GDP growth rate below EU average in Q2

Romania’s economic growth was below the EU average in the second quarter (Q2) of this year, data released by Eurostat showed on Tuesday (Sept. 7). The Southeastern country’s gross domestic product (GDP) increased by 1.8% in April-June period compared with the previous quarter, the statistical office of the European Union said. Ireland (+6.3%) recorded the sharpest increase of GDP compared to the

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Mytilineos sells two PV projects in Romania to Italy’s Enel

Athens-based industrial conglomerate Mytilineos S.A. through its Renewables and Storage Development (RSD) Business Unit has signed an agreement with Enel Green Power Romania SRL, part of Italy’s Enel Group, for the sale of approximately 90MW solar portfolio in Romania, consisting of two solar farms, planned to achieve commercial operations by the end of 2022 / beginning 2023. The projects are developed in

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Romania’s forex reserves go up by 6.68% in August

The National Bank of Romania’s (BNR) foreign exchange reserves stood at EUR 41.616 million at the end of August, compared to EUR 39.008 million at the end of July, the central bank said on Wednesday (Sept.1). During the month, EUR 3.343 million worth of inflows were registered representing: changes in credit institutions’ foreign currency-denominated required reserves with the NBR; inflows into the

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