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CeWeekly
Weekly analytical newsletter on the Baltic States, Central Europe, Germany and the Balkans (also available in Polish as BEST)

 

No. 25(37)
CeWeekly

2009-07-15

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No. 25(37) | 2009-07-15

Analyses

  • On July 13 in Ankara the prime ministers of Austria, Bulgaria, Hungary and Turkey and the president of Romania signed an intergovernmental agreement on the construction of the Nabucco gas pipeline, through which gas from Central Asia and the Middle East is to flow to the EU. A mitigation of its negotiation stance by Turkey, the key project participant, was of key importance for the signing of the agreement. The intergovernmental character of the agreement significantly increases the probability of the Nabucco pipeline construction. However, the provision of resources still remains a great challenge.