Massive NATO Base Construction Begins in Romania
Construction has commenced on what is poised to become Europe's largest NATO base in Romania, with a reported construction cost of €2.5 billion, as highlighted by Euronews
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Andrey Bogdanov, Petrotel Lukoil's chief executive, has been charged with tax evasion and money laundering worth an estimated EUR 230 M.
Bogdanov, CEO of the Romanian-based refinery, is currently under a recognizance order and cannot leave the country, Russian business website RBC Daily reports.
In October, authorities moved to close down the Petrotel Lukoil's refinery in Ploesti after the probe was launched, but work at the facility was renewed in a few days' time.
The investigation is expected to go on for at least half a year.
Petrotel Lukoil's subsidiaries LUKOIL Lubricants East Europe S.R.L and LUKOIL Energy&Gas Romania S.R.L. are also under investigation.
Lukoil Europe Holdings, which is part of Lukoil Group, holds a 97.1% stake in the Ploiesti-based oil refinery. Lukoil also owns 300 filling stations in Romania.
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Montenegro was jolted awake by a powerful earthquake in the early hours of this morning, sending shockwaves across the region
In a sweeping move aimed at curbing reckless driving and enhancing road safety, Greece has implemented stringent measures against speeding motorists
Romanian Prime Minister Marcel Ciolacu has announced that Romania is set to become a part of the Schengen area through its land borders by the end of this year.
Romania is set to witness a unique electoral scenario this year as the local elections will coincide with the European elections on June 9
Tensions escalated in Albania as anti-government protests erupted into clashes between demonstrators and law enforcement in the capital city of Tirana
In a resolute stance against mounting Western pressure, Serbian President Aleksandar Vucic has affirmed Serbia's commitment to maintaining an independent foreign policy, particularly regarding its refusal to impose sanctions on Russia
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion