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HomeWeekly Top 5Top 5 stories of the week: 8 - 14 December

Top 5 stories of the week: 8 – 14 December

1. And the outcome is…

Following days of statements, discussions and meetings, the countries part of this year’s Conference of the Parties (COP) have approved the outcome of the first global stocktake, which among other areas, further recognises the need for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5°C pathways. Read the full story here. 

2. Western Balkans in transition

Taking a more regional focus on the green transition, this week, we spoke with Alessandro Bragonzi, EIB Head of regional representation for the Western Balkans about regional green investment trends, lessons learnt from other markets, how to ensure that the energy transition goes hand in hand with energy security and the role of private investments. Read the full story here. 

3. Serbia completes a gas connection with Bulgaria

After 3 years of construction, a new gas pipeline connecting Serbia and Bulgaria has officially been put into operation, following a ceremony on Sunday attended by heads of state from Serbia, Bulgaria and Azerbaijan as well as EU representatives. Read the full story here.

4. OMV Petrom makes key progress on Neptun Deep

OMV Petrom has signed two key agreements related to its flagship Neptun Deep project – the first for the semi-submersible drilling rig Transocean Barents for a minimum period of one and a half years, and the second for integrated drilling services with Halliburton Romania. Read the full story here. 

5. Slovakia set for a new battery factory

Following in the footsteps of Poland, Hungary or Romania, Slovakia is set to strengthen Central and Eastern Europe’s leading role in lithium-ion battery production. The Slovak government has signed a Memorandum of Understanding with Gotion InoBat Batteries (GIB) regarding the construction of a battery factory in Šurany, with the works planned to start in 2024. Read the full story here. 

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