Thursday

28th Mar 2024

Ticker

Turkey resumes gas exploration near Cyprus flashpoint

Turkey has resumed gas exploration in the Eastern Mediterranean, in an area criss-crossed by competing Cypriot and Turkish-Cypriot territorial claims. But its drillship, the Abdullhamid Han, which sailed Tuesday, will stay in Turkish-only waters, Turkish president Recep Tayyip Erdoğan said. "The survey and drilling work we are conducting in the Mediterranean are within our sovereign territory. We do not need to receive permission or consent from anyone," he said.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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