Search results for: diversification

The move comes after the US company in August completed its agreed acquisition of 50% of privately-held Bulgarian natural gas supplier Overgas Inc.

Ensuring a cost-competitive, secure energy supply in Albania can be achieved by further increasing the renewable energy share and diversifying the country’s electricity sector.

Plans are to shut down all lignite-fuelled power plants in Greece by 2025 and interconnect the majority of Greece`s islands to the mainland grid. This will allow for phasing out the polluting autonomous diesel-powered generation units. All these measures are directed towards decarbonising energy production, upscaling energy efficiency and enlarging the share of renewable energy sources

In order to be successful and turn the new value chains to their advantage, countries from Southeast Europe must sharpen and re-adjust their sense and understanding of the transformation processes going on in the industrial automation landscape by applying adaptive measures and developing new governance models to help business expand their range of services

According to a report by the Turkish Ministry of trade, over the last five years the average annual growth rate of the packaging industry in the country has been 6%, and it is expected to remain the same in the coming years

TAP will facilitate gas supplies to South Eastern European countries through prospective interconnectors. In particular, Bulgaria will be able to cover up to 33% of its total gas demand through TAP after the completion of the Interconnector Greece Bulgaria (IGB)

The region possesses considerable renewable energy potential and experts think that that the coming years could prove to be pivotal for the energy sector in SEE

This will contribute to the diversification of energy supply in Bulgaria and South-Eastern Europe. It is part of a wider plan to better connect energy markets among neighbouring countries – including Romania and Hungary

Rich in natural resources, Albania is a part of the Extractive Industries Transparency Initiative (EITI) in order to modernise and promote good governance of the extractive industries

Turkey`s automotive industry has longstanding traditions in the country and from assembly-based production gradually became an industry with R&D design capability and high added value. The sector has been of key value to local production input over the years, with the partnerships established by foreign companies with Turkish entrepreneurs