Economy of Europe

Newly printed 200 Turkish lira and 10 Turkish lira banknotes will go into circulation on July 16, ahead of next week's Muslim holiday of Eid al-Adha, or the Feast of the Sacrifice, said an official announcement.

Romanian gas producer Romgaz has the capacity to support investment in the Neptun Deep deep-water offshore gas field development project in the Black Sea and should be the operator of this project, Chairman of the Romanian National Committee of the World Energy Council Iulian Iancu told a news briefing on Tuesday.

The Minister of Finance, Mr. Christos Staikouras, is going to Brussels today, in order to participate in the Eurogroup meeting and a day later in the Ecofin meeting.

At tomorrow 's Eurogroup, Eurozone Finance Ministers will discuss the Eurozone' s fiscal course and prospects, focusing on next year.

The ECB said its target would be symmetric

The budget measures taken this year are enough to secure the European Commission's nod of approval for the adjustment strategy presented in Brussels and the return of the deficit to 3 percent of GDP by 2024, Finance Minister Alexandru Nazare said on Monday at the launch of the Bucharest Stock Exchange - Envisia Boards of Elite partnership dedicated to capital market players.

Natural gas flow through both offshore lines of the TurkStream pipeline will be temporarily halted from 22 June until 29 June 2021, for annual maintenance and routine diagnostics, the project company, TurkStream, announced on June 16.

The works will be carried out by South Stream Transport B.V., the operator of the offshore pipeline system.

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.