energy balkans 09.02.2012

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Press clipping – REGION09.02.2012.

ABOUT NIS

BSE: NIS most active 7

Trading on the BSE was marked by a relatively quiet trading day with a slight volume of traffic.

NIS invests 400 million EUR in environmental projects 7

Until 2015 Serbia Oil Industry (NIS) is planning to invest 400 million EUR in environmental projects, whichis 6.5 times more than planned in sales project, said NIS CEO Kiril Kravchenko.

GAZPROM AND SUBSIDIARIES

Russians want to buy the Austrian share of OMV Petrom 7

Austrian OMV is negotiating with the Russians to sell the shares they hold in the Romanian OMV Petrom -over 51% of the capital - said engineer Mihai Macsim, General Director of the Romanian-Russian Chamber of Commerce and Industry (CCIRR).

CCIRR: Gazprom is one of the hundred Russian companies in Romania 7

Mihai Macsim - General Director of the Romanian-Russian Chamber of Commerce and Industry (CCIRR) in

Bucharest, talks about relationship between Russia and Romania, saying that a part of the refineries inRomania might be Russian, especially Gazprom's.

The Russians deliver less gas 8

According to Kiev Russia delivers 10% below contracted levels to Ukraine - declared on Wednesday theUkrainian Ministry of Energy, Yuri Boiko.

Italy shivers without Russian gas 8

The Italian authorities have established emergency situation on gas supply after the Russian gas imports

fell by 25-30%, and another cold snap may affect the distribution to residential consumers.

NEWS FROM THE FIELD

INA seeks from Dioki the land on the island Krk 8

In negotiations on the unblocking of accounts and settlement of obligations, as a guarantee of Dioki, INAseeks the pledge of land on the island Krk, perfect for the construction of LNG terminals.

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On Nestro Petrol pumps there is enough oil 9

Nestro Petrol gas pumps have enough oil and petroleum products confirmed spokesman of Optima Group,Rade Vidakovi .

Oil prices rose on world markets 9

Oil prices rose on world markets triggered by the fall in U.S. stocks and optimism about the agreement onGreek debt.

Soon, major power shortages in China 9

To China in 2012 could face serious interruptions in electricity supply due to shortages of coal, warned theChinese Electricity Council (CEC).

LUKoil continues by itself in Iraq 9

Russian oil company LUKoil will become the only foreign company in the oil project West Quma-2 in Iraqafter their Norwegian partner Statoil suddenly withdrew from the project and sold them it’s share.

China increases the price of gasoline and diesel 9

China should increase prices of gasoline and diesel due to the fact that increasing oil prices increasesexpenses of the refineries.

Hernandi in the awkward position 10

The Croatian judiciary could cost dearly the chairperson of the Board of MOL, Zsolt Hernadi.

MOL Group helps in the delivery of gas 10

Gas supplies to Croatia has agreed with the full support of MOL.

Petrokemija starts the product ion 10

Overhaul of facilities Petrokemija JSC Kutina was successfully completed in January, and all facilities,except facilities for the production of urea, have successfully started, despite the adverse weather

conditions and very low temperatures.

Increasing amounts of gas removed from MMBF reserves 10

Due to the extreme cold the amounts of gas removed from MMBF Foldgaztarolo Zrt's undergroundreserves increase every day.

The Turks cut off the gas supply to Greece 11

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Turkey cut off the gas supply to Greece justifying its move by getting themselves less gas from Azerbaijanand Iran.

AES: we acted lawful ly

The AES Borsodi Energetikai Kft is in liquidation process.

MOL: Transaction in own shares 11

MOL - Hungarian Oil and Gas Company announced that the option contract for 2,914,692 "A" series MOLshare signed on 2011, February 8 with UniCredit Bank AG, will be paid in cash on 2012, February 13.

Electrocarbon Slatina intends to build four hydro power plants with European funds 11

Electrocarbon Slatina will build four micro-hydro power units in Prahova and Dambovita counties after thedecision was made last week at the General Meeting of Shareholders.

Hungary may be the last in green energy 12

The Hungarian Wind Energy Industrial Association (MSZIT) considered it was important to prepare adetailed professional opinion on current issues affecting the wind energy industry, to clarify the informationon accepted documents in this sector.

Suppliers of equipment for oil and gas expanding in the Middle East 12

According to Syscom18, applications and industrial equipment supply from Romania and Southeast Europeare on an ascending trend, although still low in volume.

Decision on Belene postponed again. American investor interested in the project 12

There might be a new extension of the negotiations regarding NPP Belene project, said Bulgarian FinanceMinister Simeon Djankov at the end of his working visit to Moscow, where he led a government delegation,together with Minister of Economy and Energy and Minister of Transport.

Oil prices up again 13

The average price of oil obtained from the Organization of Exporting Countries (OPEC) rose early this weekby 1.28 dollars, to 114.68 dollars a barrel, informed the oil cartel.

Koreans to expand Paks nuclear power plant? 13

Hungary may sign a pact with South Korea that will allow latter to invest in Paks expansion.

EnergoService CEO: Bulgaria's nuclear energy needs less poli tics and more national interest 13

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Georgi Manchev, CEO of the EnergoService company, says that many people disapprove the Bulgaria'scapability to produce cheap electricity, which in most cases is sufficient for exports as well.

POLITICS AND ECONOMY

Kom

i received Harchenko 13

eljko Komi , Chairman of the Presidency of Bosnia and Herzegovina, met on Wednesday, 9th February inSarajevo Alexander Botsan Kharcenko, Ambassador of the Russian Federation.

U.S., Russia and China differently on the investigation into organ trafficking 14

Representatives of major member states of UN Security Council agreed that it is necessary to investigatethe trade in organs of Kosovo Serbs, but did not agree on whether the investigation should be lead by theUN or EULEX.

Analysis: Russian veto because of Syria's struggle against the West 14

Russian veto on the resolution of the UN Security Council on Syria is not only protection of ally andweapons customer but rather shows Moscow's determination to shut down what it considers the West’sintention to serve the United Nations to overthrow hostile regimes.

Supply of electricity in the area of EC HZHB satisfactory 14

In most municipalities, which supply the Elektroprivreda HZ HB JSC Mostar, electricity supply issatisfactory.

Medvedev: Intervention is not an option for Syria 14

Russian President Dmitry Medvedev said in a telephone conversation with Turkish President Recep TayyipErdogan it is necessary to continue and make efforts to stop bloodshed in Syria, but that foreigninterference is not an option.

Rexhepi-Valender: Security sector must be revised 15

U.S. Deputy Secretary of Defense Celeste A. Wallender assessed progress on the consolidation of security

institutions in Kosovo, with special emphasis on the Kosovo Police Service.

Beginning of dialogue on the Stabilisation and Association Agreement 15

In Pritina started the first meeting regarding dialogue on the Stabilisation and Association Agreement, for this year, while the main theme will be the fight against corruption and organized crime, strengthening thecapacity of reintegration, promotion of civil registers, document security and defense of human rights andminority rights.

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Tendering for New Kosovo in March 15

If all goes according to plan of the Ministry of Economic Development, in early March will be announced atender for new TPP Kosovo (Kosova e Re).

Berisha - Tahiri: Problem north, the manipulation of Belgrade 15

At the meeting, Prime Minister Sali Berisha and deputy prime minister and negotiator of the Republic of Kosovo in Brussels, Edita Tahiri set out the opinion that the problem of the north is actually created andmanipulated by Belgrade.

Matasi , eri and Ercegovac in the Board of HEP? 16

New unofficial information linked several more names with the Board of HEP.

Boris Tadi meets Fini 16

Serbian President Boris Tadi and President of Italian Chamber of Deputies of Italian Parliament GianfrancoFini discussed bilateral relations and economic cooperation promotion.

In FBH suspended electricity exports 16

Erdal Trhulj, Federal Minister of Energy, Mining and Industry said that they decided to the suspendelectricity exports in order to ensure electricity supply for all consumers in the BH.

SASE: trade with Energoinvest stocks 16

In trading on the Sarajevo Stock Exchange - SASE recorded total sales of BAM 31.180,72 (BAM 27.728,32regular stock market trading and BAM 3452,40 reported OTC transactions).

Elektro-Bijeljina investigate who is stealing electricity 16

Elektro-Bijeljina has launched a campaign to locate people who steal electricity.

Sanader presented the defense in Dioki case 17

Former Prime Minister Ivo Sanader has dismissed USKOK’s allegations that he had misused the positionand authority to influence the administration of HEP and Janaf to favor the Robert Je i ’s Dioki.

Banja Luka: For fuel oil another two million marks 17

City of Banja Luka will provide from the budget another two million marks in order to acquire additionalquantity of heating oil for the "Toplana", because it spends more than anticipated due to extremely lowtemperatures and because the flats are being heated during the night.

New faces of the Ungureanu Government 17

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Coalition parties from Bucharest have made the new list of the government that they will propose to thenew Prime minister Mihai Razvan Ungureanu.

Prokhorov, Putin's only opponent or Kremlin's puppet? 17

Billionaire Mikhail Prokhorov, the only independent candidate in Russian presidential elections, isconsidered by many to be only candidate capable of confronting Putin in the second round.

Isarescu scared by heating bill 18

The heating price increase in 2011 resulted in increase of price for other goods too.

Bulgaria pays Moscow for Burgas-Alexandroupolis 18

Bulgaria paid EUR 4.7 million to Russia for its withdrawal from the Burgas - Alexandroupolis pipeline.

Gorbachov: Putin should leave power and the system changed 18

Former Soviet President Mikhail Gorbachov declared that Prime Minister Vladimir Putin must relinquishpower and that political system in the country must change.

Bulgarian government adopted a new Tariff of Fees 18

Bulgarian government adopted a Tariff of Fees to be collected by the Agency for Sustainable Energy(AUER) based on the Energy Efficiency Act, in the renewable energy sources sector.

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ABOUT NIS

BSE: NIS most active

Trading on the BSE was marked by a relatively quiet trading day with a slight volume of traffic. The mostactive share was the Serbian Oil Industry (NIS), which recorded a turnover of 17.8 million RSD andincrease in value of 0.9%.

BSE: Investors calmed down, NIS most active, Limun, Croatia, unsigned, positive context Most regional indexes positive, Poslovni dnevnik, Croatia, Tomislav Hrastov ak, positive context

NIS invests 400 million EUR in environmental projects

Until 2015 Serbia Oil Industry (NIS) is planning to invest 400 million EUR in environmental projects, whichis 6.5 times more than planned in sales project, said NIS CEO Kiril Kravchenko. Kravchenko said that

beside the environment protection projects NIS will also invest in infrastructure projects, modernization of gas stations, and energy efficiency projects.

NIS invests 400 million EUR in environmental projects, Capital, Republic of Srpska, unsigned, positive context

Refinery in Pan evo completed by August, Limun, Croatia, unsigned, positive context

GAZPROM AND SUBSIDIARIES

Russians want to buy the Austrian share of OMV Petrom

Austrian OMV is negotiating with the Russians to sell the shares they hold in the Romanian OMV Petrom -over 51% of the capital - said engineer Mihai Macsim, General Director of the Romanian-Russian Chamber of Commerce and Industry (CCIRR). According to Bucharest Stock Exchange (BSE) from June 30, 2011OMV owns 51,0105% of the Romanian oil company, the Ministry of Economy - 20,6389%, Property Fund -20,1100%, and the 8,2406% of remaining capital it's owned by other shareholders. In this category Russiangiant Gazprom is included.

Russians want to buy the Austrian share of OMV Petrom, Bursa, Romania, Emilia Olescu, neutral context

CCIRR: Gazprom is one of the hundred Russian companies in Romania

Mihai Macsim - General Director of the Romanian-Russian Chamber of Commerce and Industry (CCIRR) inBucharest, talks about relationship between Russia and Romania, saying that a part of the refineries inRomania might be Russian, especially Gazprom's. For the moment Gazprom works in this country througha Serbian branch - Gazprom Neft, which deals on oil, a company almost as big as RussNeft. Directly,Gazprom has in Romania only the pipeline from Isaccea - managed by Gazprom Export, that brings gas inthe Balkans via Ukraine.

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The Russians want our CFR Marfa train carriages, Bursa, Romania, Emilia Olescu, neutral context

The Russians deliver less gas

According to Kiev Russia delivers 10% below contracted levels to Ukraine - declared on Wednesday the

Ukrainian Ministry of Energy, Yuri Boiko. He added that Ukraine supplemented the amount from its ownreserves. Gazprom admitted at the week’s beginning that foe a few days the delivered amount was lower for certain countries, but now everything is at contracted levels. According to Ukrtransgas, Gazpromdelivered 8.8 billion cubic meters in 2012 trough Ukraine, less than previous year same period, while in2011 the total amount delivered was 104 billion up from 95.4 billion in 2010.

The Russians deliver less gas, Tozsdeforum.hu, Hungary, unsigned, neutral context Russians deliver less gas?, Magyar Nemzet, Hungary, P.R., neutral context

Ukraine: Reduction of natural gas supply from Russia, Slobodna Evropa, the Balkans, neutral context

Ukraine helps Europe with its gas, Capital, Republic of Srpska, unsigned, neutral context

Italy shivers without Russian gas

The Italian authorities have established emergency situation on gas supply after the Russian gas importsfell by 25-30%, and another cold snap may affect the distribution to residential consumers. Due to the lowtemperatures the pressure in the distribution systems dropped along with the increased consumption,mostly in residential areas. ENI addressed the consumers and asks them to use as little gas as possibleand to understand the gravity of the situation. The company's CEO Paolo Sarconi announced that Italy hasenough reserves until Wednesday, but the situation may deteriorate if Gazprom cuts further the supply.

Italy shiver without Russian gas, Adevarul, Romania, Florentina Cioaca, neutral context

NEWS FROM THE FIELD

INA seeks from Dioki the land on the island Krk

In negotiations on the unblocking of accounts and settlement of obligations, as a guarantee of Dioki, INAseeks the pledge of land on the island Krk, perfect for the construction of LNG terminals. The land is ownedby the company of uf Robert Je i , Dioki owner, and apart from being burdened with a mortgage, it seemsunlikely that the state would provide the opportunity to INA's largest shareholder, Hungary's MOL, toacquire easily this attractive location. MOL reportedly wants HNS to take control in the INA in the name of the country, and this could ask SDP also.

INA seeks from Dioki the land on the island Krk, Poslovni dnevnik, Croatia, unsigned, neutral context

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On Nestro Petrol pumps there is enough oil

Nestro Petrol gas pumps have enough oil and petroleum products confirmed spokesman of Optima Group,Rade Vidakovi . He added that he does not expect any shortage of oil at any of 90 Petrol Nestro gaspumps.

On Nestro Petrol pumps there is enough oil, Capital, Republic of Srpska, unsigned, neutral context There is enough oil in RS, Nezavisne novine, Republic of Srpska, unsigned, neutral context

Oil prices rose on world markets

Oil prices rose on world markets triggered by the fall in U.S. stocks and optimism about the agreement onGreek debt. Price per barrel of London Brent rose 20 cents, at 116, 43 dollars. In the American marketincrease in price of barrel was 1.02 dollars amounting to 99.43 dollars.

Oil prices rose on world markets. Biznis, Bosnia and Herzegovina, O.B., neutral context

Oil prices went up, Capital, Republic of Srpska, unsigned, neutral context

Soon, major power shortages in China

To China in 2012 could face serious interruptions in electricity supply due to shortages of coal, warned theChinese Electricity Council (CEC). According to the CEC's assessment in 2012 the deficit could be 40million kW/h. U.S. analysts believe that a special role in shortages plays state governed regulation of energy prices.

Soon, major power shortages in China?, Energetika-net, Croatia, I.T., neutral context

LUKoil continues by itself in Iraq

Russian oil company LUKoil will become the only foreign company in the oil project West Quma-2 in Iraqafter their Norwegian partner Statoil suddenly withdrew from the project and sold them it’s share. Therefore,LUKoil will have a 75% stake, and remaining 25% Iraqi oil company - Iraqi oil.

Following the withdrawal of Statoil , LUKoil continues by itself in Iraq, Energetika-net, Croatia, I.T.,neutral context

China increases the price of gasoline and diesel

China should increase prices of gasoline and diesel due to the fact that increasing oil prices increasesexpenses of the refineries. In the statement of the Commission for the Chinese National Development andReform states that price of gasoline will go up 0.22 Yuan (3.5 cents) per liter and diesel 0.26 Yuan (4.1cents) per liter.

China increases the price of gasoline and diesel, Capital, Republic of Srpska, unsigned, neutral context

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Hernandi in t he awkward pos ition

The Croatian judiciary could cost dearly the chairperson of the Board of MOL, Zsolt Hernadi. The USKOKsuspects Hernandi was responsible for giving bribe in 2009 to the Prime Minister Ivo Sanader in exchangefor management rights in INA.

The judiciary can catch Hernandi, Energetika-net, Croatia, N.D., neutral context

MOL Group helps in the delivery of gas

Gas supplies to Croatia has agreed with the full support of MOL. Members of the MOL Group, operator of the strategic and commercial gas storage MMBF and operator systems for transport of gas FGSZ enabledthe delivery of up to 2 million cubic meters this week. Such rapid response was possible thanks to theavailability of high-capacity interconnection opened last year and the quick reaction of the MOL Group.

MOL Group helped in the delivery of gas, Energetika-net, Croatia, N.D., neutral context

INA lost six platforms: Hungarian MOL ensured gas supply for Croatia, Index, Croatia, Me.M.,neutral context Insured additional quantities of gas from imports, Banka, Croatia, unsigned, neutral context

INA has troubles at home too, Napi Gazdasag, Hungary, Deak Balint, neutral context Mol sends gas to Croatia, Vilaggazdasag, Hungary, unsigned, neutral context

dditional two million cubic meters of gas, Poslovni dnevnik, Croatia, Darko Bi ak, neutral context

Petrokemija starts the production

Overhaul of facilities Petrokemija JSC Kutina was successfully completed in January, and all facilities,except facilities for the production of urea, have successfully started, despite the adverse weather

conditions and very low temperatures. The problem with the lack of natural gas has been successfullysolved by fast and efficient coordination between Prirodni gas-HEP-INA (refineries) and Petrokemija, andadditional emergency imports of natural gas.

Petrokemija: Overhaul completed, tonight starts the production of ammonia, Seebiz, Croatia,unsigned, neutral context

Petrokemija: Overhaul successfully executed, sufficient fertilizers for spring sowing, Poslovni- informator, the Balkans, unsigned, neutral context

Soon Petrokemija triggers the production, Energetika-net, Croatia, N.D., neutral context

Increasing amounts of gas removed from MMBF reserves

Due to the extreme cold the amounts of gas removed from MMBF Foldgaztarolo Zrt's undergroundreserves increase every day. From the 16 million cubic meters on Tuesday 7th, the expected amount onWednesday 8th is 18,5 million cubic meters. The maximum capacity is 21-22 million cubic meters per day.Over half of the daily 70-80 million cubic meters consumption is delivered from commercial undergroundreserves. MMBF holds about 400-410 million cubic meters in his commercial storages. In the meantime twobarges were ordered on Duna near Paks to secure the nuclear power unit cooling systems, preventing icepacks.

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Increasing amounts of gas removed from MMBF reserves, Napi Gazdasag, Hungary, unsigned,neutral context

The Turks cut off the gas supply to Greece

Turkey cut off the gas supply to Greece justifying its move by getting themselves less gas from Azerbaijanand Iran. Compared to the daily 40 million cubic meters received by Turkey from his suppliers, only 6-7million cubic meters were received now. The daily average need in Turkey is 192 million cubic meters.Turkey suspects that the issues have a technical cause. Ankara buys a total of 6,6 billion cubic meters of gas per year from Azerbaijan only.

Turkey cuts off the gas supply to Greece, Profit line, Hungary, unsigned, neutral context The Turks cut off the gas supply to Greece, Napi Gazdasag, Hungary, unsigned, neutral context

Turkey won't give gas to Greece, Tozsdeforum, Hungary, unsigned, neutral context Less gas for Turkey, Energetika-net, Croatia, I.T., neutral context

Turkey: interrupted the flow of gas from Azerbaijan, Capital, Republic of Srpska, unsigned, neutral

kontekat

AES: we acted lawfully

The AES Borsodi Energetikai Kft is in liquidation process. One of its suppliers sold the debt to a collectioncompany at 25% of its face value, while the others are still waiting. The company stated that his orderswere not backed because the new owner would have to pay for them. The company ended up in thissituation when tried to sell its power plants to a buyer that would have invested in upgrading the plants andwaited for the competition council approval. Unfortunately, for some unpaid bills, the court ruled theliquidation of the company before and the purchase could not take place.

AES: we acted lawfully, Vilaggazdasag, Hungary, B.Horvath Lilla, neutral context

MOL: Transaction in own shares

MOL - Hungarian Oil and Gas Company announced that the option contract for 2,914,692 "A" series MOLshare signed on 2011, February 8 with UniCredit Bank AG, will be paid in cash on 2012, February 13.Unicredit bought 646,361 shares and had an option contract for 3,561,053 shares with one year time of maturation, and the possibility to extend another one to a total of three years. The transaction result is Molholding 646,361 less shares, with a total of 5,146,955 Series "A" and 578 Series "C" shares in his portfolio.

MOL: Transaction in own shares, Tozsdeforum, Hungary, unsigned, neutral context INA has problems at home too, Napi Gazdasag, Hungary, Deak Balint, neutral context

Electrocarbon Slatina intends to build four hydro power plants with European funds

Electrocarbon Slatina will build four micro-hydro power units in Prahova and Dambovita counties after thedecision was made last week at the General Meeting of Shareholders. The funding or these four renewablepower units will be partially granted by non-refundable support of the Environment Fund Administration.

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The company has issued construction permits for all four units in 2012, the permits being valid for one year.Electrocarbon is held 50.8% by Vivaio Campina owned by Laurentiu Vasile Dascalu.

Electrocarbon Slatina intends to build four hydro power plants with European funds, Bursa,Romania, Mihaela Stanca, neutral context

Hungary may be the last in green energy

The Hungarian Wind Energy Industrial Association (MSZIT) considered it was important to prepare adetailed professional opinion on current issues affecting the wind energy industry, to clarify the informationon accepted documents in this sector. The MSZIT proposal will be sent to the resort Ministry, theparliament committees, professional and advocacy organizations and the media. They pointed out thataccording to the EWEA "Pure Power" reports Hungary could be the last in EU27 countries by 2020, notonly in wind energy, but also in renewable energies altogether.

Hungary may be the last in green energy, Alternativenergia, Hungary, unsigned, neutral context

The wind industry leaders had enough of government retorics, Hvg.hu, Hungary, unsigned, neutral context The wind industry leaders are dissatisfied, Vilaggazdasag, Hungary, unsigned, neutral context

Suppliers of equipment for o il and gas expanding in the Middle East

According to Syscom18, applications and industrial equipment supply from Romania and Southeast Europeare on an ascending trend, although still low in volume. The company has received orders from Iraq andBahrain adding up EUR 3 million, to be delivered this spring. The applications and industrial equipmentsupply sector developed in the last five years thanks to the strategic position of Southeast Europe. Theregion is an important in energy transport being a connection point between Eurasian suppliers and

Western European consumers, but also a big consumer itself at 35% of the total European consumption.

Suppliers of equipment for oil and gas expanding in the Middle East, Bursa, Romania, Emilia Olescu, neutral context

Decision on Belene postponed again. American investor interested in the project

There might be a new extension of the negotiations regarding NPP Belene project, said Bulgarian FinanceMinister Simeon Djankov at the end of his working visit to Moscow, where he led a government delegation,together with Minister of Economy and Energy and Minister of Transport. In the same time, Minister of Economy and Energy Traicho Traikov announced that U.S. investors expressed verbally interest inparticipating in the project of the Bulgarian second Nuclear Plant in Belene.

The decision on Belene postponed again, Duma, Bulgaria, unsigned, neutral context American investor expresses interest in Belene, Cross, Bulgaria, unsigned, neutral context

U.S. investors express verbally interest in Belene, Capital, Bulgaria, unsigned, neutral context Traikov confirms the interest of a U.S. company in Belene, Dnevnik, Bulgaria, unsigned, neutral

context Djankov predicts a new mandate of negotiations on Belene, BNR, Bulgaria, Vasko Mihailov, neutral

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context U.S. mili tary fund gives $ 7 bill ion ..., Klassa, Bulgaria, unsigned, neutral context

Oil prices up again

The average price of oil obtained from the Organization of Exporting Countries (OPEC) rose early this weekby 1.28 dollars, to 114.68 dollars a barrel, informed the oil cartel. Growth was recorded on Tuesday and theday before a barrel of oil from the OPEC was traded at 113.40 dollars. In Bulgaria ordinary A95 gasolinewas sold to the station for about 2.52 lev/l and diesel was about 2.70 lev/l, depending on quality.

Oil prices up again, Standart, Bulgaria, unsigned, neutral context

Koreans to expand Paks nuclear power plant?

Hungary may sign a pact with South Korea that will allow latter to invest in Paks expansion. The Asiancountry expressed its interest in the power plant expansion previously. The decision on Paks expansion is

still to be made, but in case of a YES the Korean part would be favored. It is Expected that the Hungarianpart to negotiate some extra export opportunities in change.

Koreans to expand Paks nuclear power plant?, Napi Gazdasag, Hungary, unsigned, neutral context

EnergoService CEO: Bulgaria's nuclear energy needs less politics and more national interest

Georgi Manchev, CEO of the EnergoService company, says that many people disapprove the Bulgaria'scapability to produce cheap electricity, which in most cases is sufficient for exports as well. It is mostfeasible to impose on Bulgaria greenhouse emission quotas or to shut down facilities that don't meet theenvironmental requirements. Not to mention the creating of the renewable energy bubble which is a very

profitable business for all producers of such technologies. EnergoService has a contract with the KozloduyNuclear Power Plant EAD for service and maintenance of computer information and control system.

EnergoService CEO: Bulgaria's nuclear energy needs less politics and more national interest,Novinite, Bulgaria, Ivan Dikov, neutral context

POLITICS AND ECONOMY

Komi received Harchenko

eljko Komi , Chairman of the Presidency of Bosnia and Herzegovina, met on Wednesday, 9th February in

Sarajevo Alexander Botsan Kharcenko, Ambassador of the Russian Federation.The Ambassador expressed satisfaction with the agreement of six political leaders regarding the establishment of the Councilof Ministers, and stressed the support of the Russian Federation for reforms in BH.

Russia supports the reforms, Nezavisne novine, Republic of Srpska, N.N., neutral context

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U.S., Russia and China differently on the investigation into o rgan trafficking

Representatives of major member states of UN Security Council agreed that it is necessary to investigatethe trade in organs of Kosovo Serbs, but did not agree on whether the investigation should be lead by theUN or EULEX. Representatives of the United States, Russia and China in the UN have agreed that the

solution lies in mutual dialogue and respect of Resolution 1244.

U.S., Russia and China differently on the investigation into organ trafficking, Slobodna Evropa, the Balkans, unsigned, neutral context

Russia: EULEX and KFOR negligence 1244th Turned to the fire department, Lajme Fundit, Kosovo,unsigned, neutral context

EULEX sought help from Russia in the investigation, Glas Srpske, Republic of Srpska, unsigned,neutral context

Analysis: Russian veto because of Syria's struggle against t he West

Russian veto on the resolution of the UN Security Council on Syria is not only protection of ally andweapons customer but rather shows Moscow's determination to shut down what it considers the West’sintention to serve the United Nations to overthrow hostile regimes. Analysts and diplomats estimate thatRussian move is diplomatic counter-offensive through which Russia responds to an unusually active periodof Security Council.

Analysis: Russian veto because of Syria's struggle against the West, Nacional, Croatia, unsigned,neutral context

Supply of electricit y in the area of EC HZHB satisfactory

In most municipalities, which supply the Elektroprivreda HZ HB JSC Mostar, electricity supply issatisfactory. Temporarily, they say, the failures appear which are eliminated at the invitation of theconsumer. The worst situation is still in the municipality of Neum.

Supply of electricity in the area of EC HZHB satisfactory, Biznis, Bosnia and Herzegovina, O.B.,neutral context

Medvedev: Intervention is not an option for Syria

Russian President Dmitry Medvedev said in a telephone conversation with Turkish President Recep TayyipErdogan it is necessary to continue and make efforts to stop bloodshed in Syria, but that foreign

interference is not an option. Medvedev said the resolution should be found and within the UN SecurityCouncil, adding that the Syrians themselves without external interference must form a solution.

Medvedev: Intervention is not an option for Syria, RTRS, Republic of Srpska, V.D., neutral context Medvedev and Erdogan: Continue searching for a solution to the crisis in Syria, Slobodna Evropa,

the Balkans, unsigned, neutral context

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Rexhepi-Valender: Security sector must be revised

U.S. Deputy Secretary of Defense Celeste A. Wallender assessed progress on the consolidation of securityinstitutions in Kosovo, with special emphasis on the Kosovo Police Service. All this is presented during themeeting in Pritina with the Interior Minister, Bajram Rexhepi. Both agreed on the need to reform the

security sector of the country, in accordance with the current situation in the country. They discussed thedeepening of cooperation between the two countries in security field.

Rexhepi-Valender: Security sector must be revised, Kosovaonline, Kosovo, unsigned, neutral context

Beginning of dialogue on the Stabilisation and Association Agreement

In Pritina started the first meeting regarding dialogue on the Stabilisation and Association Agreement, for this year, while the main theme will be the fight against corruption and organized crime, strengthening thecapacity of reintegration, promotion of civil registers, document security and defense of human rights and

minority rights. Samuel Zbogar pointed out that these actions are essential for visa liberalization, which hasrecently started.

Beginning of dialogue on the Stabilisation and Association Agreement, Kosova-Sot, Kosovo,unsigned, neutral context

Tendering for New Kosovo in March

If all goes according to plan of the Ministry of Economic Development, in early March will be announced atender for new TPP Kosovo (Kosova e Re). From the ministry said that they work on the processing of thetender package. Although the ministry does its part of the job, the tender may not be announced as they

are waiting for the opinion of the World Bank, which must decide on the request of the Government Kosovaon partial guarantee for the project.

Tendering for New Kosovo in March, Knninfo, Kosovo, unsigned, neutral context

Berisha - Tahiri: Problem north, the manipulation of Belgrade

At the meeting, Prime Minister Sali Berisha and deputy prime minister and negotiator of the Republic of Kosovo in Brussels, Edita Tahiri set out the opinion that the problem of the north is actually created andmanipulated by Belgrade. Among other things Tahiri informed Berisha on the progress of the negotiationsbetween the Serbian side and Brussels, as well as on developments following the decision to abolish the

international supervision of Kosovo's independence.

Berisha - Tahiri: Problem north, the manipulation of Belgrade, Koha, Kosovo, unsigned, neutral context

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Matasi , eri and Ercegovac in the Board of HEP?

New unofficial information linked several more names with the Board of HEP. There, as people who willtake over the Board of HEP are mentioned Tomislav eri , Zvonko Ercegovac and Ivan Matasi .

Matasi ,

eri and Ercegovac in the Board of HEP?, Energetika-net, Croatia, N.D., neutral context

Boris Tadi meets Fini

Serbian President Boris Tadi and President of Italian Chamber of Deputies of Italian Parliament GianfrancoFini discussed bilateral relations and economic cooperation promotion. Tadi expressed his gratitude for thesupport of Italy for the European integration of Serbia.

Boris Tadi in Italy on economic cooperation, Glas Srpske, Republic of Srpsk , unsigned, neutral context

In FBH suspended electricity exports

Erdal Trhulj, Federal Minister of Energy, Mining and Industry said that they decided to the suspendelectricity exports in order to ensure electricity supply for all consumers in the BH. Public EnterpriseElektroprivreda BH has called upon institutions and companies to provide new deliveries of coal in TPPTuzla and Kakanj, and urged the public to reduce electricity consumption, in order easier to overcome theeffects of extraordinary circumstances.

We have stopped exporting electricity, Oslobo enje, Bosnia and Herzegovina, Senita eher ehaji , neutral context

The difficult situation in Elektroprivreda, Fokus, Republic of Srpska, M.S., neutral context

SASE: trade with Energoinvest stocks

In trading on the Sarajevo Stock Exchange - SASE recorded total sales of BAM 31.180,72 (BAM 27.728,32regular stock market trading and BAM 3452,40 reported OTC transactions). In the market for issuers inbankruptcy turnover was BAM 95.00 with shares of TAT Energoinvest JSC Sarajevo.

SASE: The biggest trade in stocks of Telecom BH , Oslobo enje, Bosnia and for Herzegovina,unsigned, neutral context

Elektro-Bijeljina investigates who is stealing electricity

Elektro-Bijeljina has launched a campaign to locate people who steal electricity. It is suspected that in thetheft of electricity are involved several wealthy citizens of Bijeljina - two gas station’s owners, bar owner,sheet metal dealer, and even the director of an educational institution. Electrical energy that had beenstolen was used for heating of residential and commercial space. From Elektro-Bijeljina do not want toreveal the names of thieves, saying it was confidential.

The rich are stealing electricity, Blic RS, Republic of Srpska, EuroBlic Team, neutral context

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Sanader presented the defense in Dioki case

Former Prime Minister Ivo Sanader has dismissed USKOK’s allegations that he had misused the positionand authority to influence the administration of HEP and Janaf to favor the Robert Je i ’s Dioki. Sanader issuspected by USKOK to have misused his position as prime minister when he facilitated sales of electricity

to the oil company Dioki, owned by his former friend Je i , under the unrealistically low prices, thus CroatianElectric co. Elektroprivreda was damaged by more than 6 mill ion HRK.

Sanader: I have not favored Je i , Glas-Slavonije, Croatia, S.Ab., neutral context Sanader presented the defense in Dioki case, Glas Istre, Croatia, unsigned, neutral context Sanader gave a low-cost electricity and for Dioki?, Oslobo enje, Bosnia and Herzegovina,

Jadranka Dizdar, neutral context

Banja Luka: For fuel oil another two mi llion marks

City of Banja Luka will provide from the budget another two million marks in order to acquire additional

quantity of heating oil for the "Toplana", because it spends more than anticipated due to extremely lowtemperatures and because the flats are being heated during the night. For now, the sources of funds for thepurchase of heating oil come from the city budget, the regular thermal energy payment collection, andfunds from the Government of the RS that are paid as an advance heating payment of their budget usersand loans. This combination of resources provides 35 million marks for one heating season.

Banja Luka: For fuel oil another two million marks, Glas Srpske, Republic of Srpska, Jelena Bjelica,neutral context

New faces of the Ungureanu Government

Coalition parties from Bucharest have made the new list of the government that they will propose to thenew Prime minister Mihai Razvan Ungureanu. Democrat Liberals have decided to give up all ministers whowere part of the Boc Government and proposed new names, generally from the party. UDMR and UNPRwould like to retain all their ministers from previous Government, but PDL leaders decided to make somechanges.

New faces of the Ungureanu Government, Adevarul, Romania, Romulus Georgescu, neutral context

Prokhorov, Putin's only opponent or Kremlin's puppet?

Billionaire Mikhail Prokhorov, the only independent candidate in Russian presidential elections, is

considered by many to be only candidate capable of confronting Putin in the second round. Someobservers consider him "the anti-Putin oligarch voice". But analysts still wonder if he is not just the "puppetof the Kremlin", especially since billionaire avoids to openly criticize Putin, preferring rather to condemn thesystem created by him.

Prokhorov, Putin's only opponent or Kremlin's puppet?, Adevarul, Romania, Matei Dobrovie, neutral context

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Isarescu scared by heating bill

The heating price increase in 2011 resulted in increase of price for other goods too. In 2012 the increase inregulated prices of electricity and gas will put pressure on inflation, according to Mugur Isarescu, theGovernor of NBR. The price increase for district heating changed the negative trend of the inflation in the

last quarter of 2011. Other than energy prices, the inflation target of 2012 may happen only in case of capital fleeing and high volatility on the Forex market.

Isarescu scared by heating bill, Adevarul, Romania, Dan Str u , neutral context

Bulgaria pays Moscow for Burgas-Alexandroupolis

Bulgaria paid EUR 4.7 million to Russia for its withdrawal from the Burgas - Alexandroupolis pipeline. Igor Demin - Russian Transneft spokesmen, declared that the paid EUR4.7 million is only a part of the exit fee,the total share of costs for Bulgaria would be EUR65 million. The project signed in 2007 had a total cost of EUR1 billion, Russia holding 51%, while Greece and Bulgaria 24.5% each. Bulgaria decided to leave the

Russian-Greek-Bulgarian project after PM Boyko Borisov estimated it is not profitable.

Bulgaria pays to the Russians, Magyar Nemzet, Hungary, WL, neutral context Bulgaria pays its debts for Burgas-Alexandroupolis, Capital, Bulgaria, unsigned, neutral context

We paid EUR 6 million to Moscow, Trud, Bulgaria, unsigned, neutral context Shmatko: Bulgaria pays for Burgas-Alexandroupolis, Standart, Bulgaria, neutral context

We paid EUR 4.7 million for the pipeline, Klassa, Bulgaria, unsigned, neutral context

Gorbachov: Putin should leave power and the system changed

Former Soviet President Mikhail Gorbachov declared that Prime Minister Vladimir Putin must relinquish

power and that political system in the country must change. Such a system as Putin's must be broken,Gorbachov replied, but not entirely destroyed, what's good may remain. He also said that Russians want tochange step by step.

Gorbachov: Putin should leave power and the system changed, Klassa, Bulgaria, unsigned, neutral context

Bulgarian government adopted a new Tariff of Fees

Bulgarian government adopted a Tariff of Fees to be collected by the Agency for Sustainable Energy(AUER) based on the Energy Efficiency Act, in the renewable energy sources sector. The fee for

application for issuance of guarantees of origin of the energy will be 50 Lev, without any difference for allproducers, type and quantity of energy (electricity, heating and cooling).

Application fee for issuing guarantees of origin for renewable energy is now 50 Lev, Cross,Bulgaria, unsigned, neutral context

energy balkans 09.02.2012

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