Pipeline puzzles on the Balkans – “South Stream” is dead, long live “Turkish Stream”

On 7 April the foreign ministers of Greece, Turkey, Serbia, Macedonia, and Hungary met in Budapest to discuss plans for cooperation in the energy sector. A common declaration was signed whereby the first diplomats of the five states agreed upon the need to improve energy security and develop an alternative gas supply route through South-East Europe and Turkey thus enhancing the friendly relations in the … Read more…

Oligarchic hustles in Bulgaria: How a bank could threaten national security?

For about 9 months Bulgaria’s economy has been plagued by the residual tremors from the spectacular collapse of Corporate Commercial Bank (CCB) owned by the Bulgarian oligarch Tsvetan Vasilev. Since November 2014 the bank’s license of operation has been revoked and it has been taken over by officials of the Bulgarian Central Bank. As with most such affairs in Bulgaria’s most recent history, the smell … Read more…