Economy of Russia

Turkey is making necessary investments to protect its data within the country, said participants at a major economic conference on March 23.

,,Russia continues to seek an option to transit gas through Bulgaria. We have guaranteed certain payments by Russia by 2030 for  this transit.'' This was stated by Rumen Ovcharov from the National Council of the Bulgarian Socialist Party (BSP) in "The Day begins with Georgi Lyubenov" on BNT.

Gazprom stops transit of gas to Turkey through Bulgaria. The company has sent an official letter to the Bulgarian government stating that it will stop supplying gas on the Trans-Balkan Corridor through Ukraine until January 2020, the Turkish version of the Russian Sputnik News site reports.

Russia's state nuclear energy corporation Rosatom is in negotiations with both Turkish and foreign companies for a new partner to buy a 49 percent share in the Akkuyu Nuclear Power Plant, Anton Dedusenko, deputy chairman of Akkuyu Joint Stock Company (JSC), said on March 5.

Gazprom's exports to the so-called Trans-Balkan gas pipeline (through Ukraine, Romania and Bulgaria to Turkey) declined in the first three weeks of February compared with January's average daily indicator. According to Bulgartransgaz data, the daily load of the Malkochlar border gas station for the second half of the month was about 3.3 million cubic meters, which is 6 times less.

Russia intends to complete the delivery of its S-400 surface-to-air missile systems to Turkey by the end of this year, Rostec CEO Sergei Chemezov reportedly said at the 14th IDEX-2019 international defense show on Monday, according to Russian state-run news agency TASS.

Russia's Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe's gas output combined with rising demand, a senior manager at the company has said.

After the complex rescue of Croatia's biggest private company, Agrokor, which ended with a debt-for-equity swap, the biggest shareholder, Russia's Sherbank, told BIRN that it does not intend to own the firm long-term and wants to sell its stake.

Representatives of the European Commission, Russia and Ukraine will talk today on gas issues despite the forthcoming two-month holiday of the EU Energy Commissioner Maroš Šefčovič, TASS reported.

The announcement was made by the Russian bank.

The memorandum was initiated with a contract signed by the two companies in December 2018.

Sberbank Serbia is one of the banks that participated in the lending to Telekom. Sberbank Group participated in this loan with 77 million euros, of which Sberbank Srbija's participation was 25 million euros.