Economy of Europe

Real estate agents say a growing number of people from the Balkans are snapping up holiday homes and offices in Turkey, taking advantage of the weak lira.

Turkey's well tests for three wells in the offshore Sakarya Gas Field in the Black Sea are set to begin in May, the first of which will begin in the Türkali-2 well, Energy and Natural Resources Minister Fatih Dönmez said on April 20.

Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told a news conference on Tuesday. "On March 31, we submitted an offer to take over ExxonMobil's share in the Neptun Deep block.

 Romania's interest is for investment in the Neptune Deep field in the Black Sea to start in 2022, otherwise the natural gas there will lose its value, said on Thursday Director of the National Mineral Resources Agency (ANRM) Sorin Gal.

The lira lost 17% of its value in the Asian markets

Advance payments from a European Union recovery fund will finance investments worth 3.3% of the country's gross domestic product (around 5.5 billion euros) this year, Bank of Greece Governor Yannis Stournaras said on Wednesday while also calling on Greek banks to make additional provisions to cover an expected new wave of nonperforming loans.

The US State Department expressed its strong opposition to the Turkish-Russian TurkStream gas pipeline saying that together with the Nord Stream 2 they undermine the European energy security and serve only the Russian interests.

The bourse year ended on Thursday with a short and quiet session that saw most stocks post some gains and the benchmark closing virtually unchanged, while turnover was the lowest of the last 37 sessions.

Liquidity, measured in terms of the average daily trading value, increased by over 42% at the cumulative level of all types of financial instruments and exceeded RON 62 million (EUR 12.86 million) for the first 11 months of the year, according to a report of the Bucharest Stock Exchange (BVB) released on Wednesday.

Ljubljana – The Education Ministry is holding a two-day online conference to mark the start of the EU’s emerging research and innovation programme Horizon Europe. The European Commission representatives and other foreign speakers will present the three pillars of the framework.