Russian gas company Gazprom has formally agreed to build a costly pipeline that would deliver Russian gas to large parts of Europe.
The South Stream pipeline - funded by Gazprom, Italy's Eni, France's EdF and Germany's Wintershall - is due to start operating in 2015, bringing up to 63 billion cubic meters of gas annually to the Balkans, Austria and Italy.
The Moscow-based company said Thursday that it signed the final investment agreement with its European partners, confirming next month as the starting date for construction. The financial details of the agreement were not disclosed.
The pipeline would go from Russia under the Black Sea to reach Bulgaria, Serbia, Hungary, Slovenia, Austria and Italy in one leg, and Croatia and Greece in a second.[AP]
Twho people have been arrested in Mani in the Peloponnese for allegedly growing cannabis plants.
Police on Saturday arrested a 73-year-old American woman and a 48-year-old man from Poland af...
A forest fire in the Aghia Triada area on the island of Hydra has been brought under control with firefighting planes, authorities said on Saturday.
The fire, which broke out on Friday, spre...
Olympiakos will face AGO Rethymnou and Panathinaikos will measure up against Panionios in the semifinals of the Greek basketball league, as the quarterfinals of the playoffs saw AGOR upset P...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
While the country waits for an influx of major investment that is expected to create new jobs in the distant future, it is absolutely vital to bolster small to medium-sized companies as fast...
Greek police officers are doing a fine job despite considerable cuts in their salaries coupled by major shortages in equipment and infrastructure.
Through their behavior and professionalism,...