Transgaz, the Romanian state-owned gas operator, launched in February 9 investment project worth almost 2 billion of Euro. Seven are aimed at the development of the domestic network, while the remaining two are international projects to transform Transgaz in an important regional player in the energy field.

The railway connection between Koper and Divaca is still on paper.

The funds have been collected, the company tasked to start the works is ready to take on the project, but the law regulating the construction has not been implemented yet.

The delay is caused by the Constitutional Court of the Republic of Slovenia that has to pronounce itself on the validity of the referendum held in September 2017 to give the government the green light to start the project.

Ljubljana, to avoid wasting 44 billion of Euro already allocated for the development of the infrastructure, turned to the European Union, in a bid to transfer the capital’s rights to European funds.

Serbia and Albania approved a measure to unify the certificates that accompany products of vegetable and animal origins destined to both countries.

The agreement, signed by the Ministers of Agriculture Niko Peleshi and Branislav Nedimovic, aims at fostering the bilateral economic cooperation between Serbia and Albania, also considering both countries’ aspirations to soon enter the European Union.

Energy was the main topic discussed at the meeting held in London at the end of February between the European Bank for Reconstruction and Development and the six prime ministers of the Western Balkans.

It emerges the region is still highly dependent on fossil fuels and steps towards achieving the European Union’s goal to have 20% of the national requirements satisfied by renewable sources are not sufficient, also due to the scarce investments in the field.

However, EBRD representatives were more concerned with the Western Balkans’ reliance on Russian gas, transported through Ukraine. Considering the unstable geopolitics situation affecting the country, the completion of the construction of the Trans-Adriatic Pipeline (TAP) is now impellent.

The gas pipeline will provide the raw material from Azerbaijan, offering a safer connection to energy for the region. The project is set to be completed in 2020.

Croatian Chamber of Commerce and the Rijeka County Chamber of Commerce are organizing, for May the 4th 2018, a conference titled “International Business Connections”, to be held in the city of Opatija. The event is  supported by the Ministry for Foreign Affairs of the Republic of Croatia, the Ministry for Economy, Entrepreneurship and Crafts, the Central State Office for the Croatians abroad, the Central Office of the Republic of Slovenia for the Slovenians abroad, the Austro-Croatian Chamber of Commerce, the Primorje-Gorski Kotar County and the German-Croatian Chamber of Industry and Commerce.  The initiative aims to establish economic relations among Croatia and its economic actors and foreign institutes to promote internationalization; moreover, the conference will incentive the sharing of professional knowledge and of best practices, and support to the companies that need connections to the Croatian market.

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