Nabucco
President of Bulgaria George Parvanov severely criticized the new government for the lack of continuity of the energy policy....
The change in government represents a shift in foreign policy as well, and, thanks to mutual gestures of good will, an earlier cool relationship between the cabinet and Mol appears to be on the mend....
Russia’s political and economic influence in Hungary significantly rose after Surgutneftegaz unexpectedly bought a 21% stake in Mol, Hungary’s national oil company....
Thanks to the passage of the budget and his management of the crisis, Ferenc Gyurcsány’s position has stabilized. However, he faces an active Fidesz and a worsening economy....
The gas conflict between Russia and Ukraine has a negative impact on both countries but can accelerate EU’s actions towards decreasing energy- and political dependence on Russia....
After the Russian-Georgian war general anti-Russian sentiments are likely to rise and companies with Russian interests and future Russian investments will face PR problems in the CEE region....