Bulgaria’s wheat harvest is up 52% year-on-year in 2021, as the Balkan country has harvested 7.16 million tonnes of wheat this year from a total of 1,204,334 ha put to wheat, according to the Bulgarian Ministry of Agriculture (MinAg). The average yield stood at 5.94 tonnes per ha. The samples taken show that the yield is of a quality which meets the
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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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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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The investment funds sector in Cyprus continues to grow. The value of Total Assets Under Management stood at €10.7bn in the second quarter of 2021, recording a 9% increase over the first quarter of the year, according to the latest Quarterly Statistics bulletin published by the Cyprus Securities and Exchange Commission (CySEC). During the same period, the number of funds licensed by
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The total value of real estate investment in Romania stood at 290 million euro in the first six months of 2021 (H1 2021), a drop of 29% compared to 409 million euro in same period a year ago, Colliers revealed in a new report. The transactions in the office space segment represented nearly 66% of volumes. Colliers believe that Romania’s market fundamentals
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Romania’s GDP 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 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 previous
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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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