World Bank: Bosnia must invest $6.8 billion to combat climate change impacts
Bosnia and Herzegovina faces risks of flooding, wildfires, and severe air pollution. A World Bank report released on Wednesday said that the country needs to invest 6,8 billion dollars over the next 10 years to offset the effects of climate change. The report stated that climate-related damages, including floods, could shrink Bosnia’s economy by as much as 14% by the year 2050. It also stressed the importance of nature-based solutions, such as the restoration of floodplains and the preservation and protection peatlands, to increase resilience and boost economic growth.
EU Energy Watchdog Sanctions Bosnia over Non-compliance with Rules
The European Union's energy watchdog has extended sanctions against Bosnia for another two years over the Balkan country's failure to comply with the body's gas and electricity sector regulations.Bosnia has been sanctioned for much of the period since 2015 due to its persistent failure to amend legislation in accordance with the Second Energy Package in the gas sector, the Sulphur in Fuels Directive, and the Third Energy Package in both electricity and gas."Bosnia and Herzegovina will not participate in the decision-making on matters of budget and enforcement for a period of two years…
Russian Gas Supply to Serbia Up 23.6%
Russian gas deliveries to Serbia grew by 23.6 per cent to 1.7 billion cubic meters according to preliminary figures for 2015. This was noted during a meeting between between Alexey Miller, Chairman of the Company's Management Committee and Slavenko Terziс, Ambassador Extraordinary and Plenipotentiary of the Republic of Serbia to the Russian Federation. The meeting took place at the Gazprom headquarters yesterday. During the meeting special attention was given to the efficient functioning…
Banatski Dvor Facility Assures Gas Supplies
Gazprom has almost fully replenished the Banatski Dvor UGS facility. The facility's working gas volume currently makes up 450 million cubic meters. This was highlighted in the working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Dusan Bajatovic, Director General of state-owned Srbijagas. The meeting is part of the 4th St. Petersburg International Gas Forum. During the meeting the parties addressed the bilateral cooperation in the gas sector…
Earthquake Kills Five Bosnian Coal Miners
Five Bosnian miners were confirmed dead on Friday, a day after an earthquake triggered a collapse at the Raspotocje mine, as emergency teams helped 29 others to the surface. The manager of the mine, Esad Civic, said a total of 34 miners had been trapped 500 metres (1,600 feet) below ground by Thursday's rock burst. "The mining accident in the Raspotocje pit is a huge tragedy for all of Bosnia and Herzegovina. We lost five lives, unfortunately," Nermin Niksic, the prime minister of Bosnia's autonomous Bosniak-Croat federation, told the Fena news agency.
Gazprom Tightening Links with Bosnia & Herzegovina
Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee the Company's delegation paid a working visit to Bosnia and Herzegovina today. As part of the visit, meetings were held with the Government officials, namely Bakir Izetbegovic, Chairman of the Presidency of Bosnia and Herzegovina, Zeljko Komsic, Member of the Presidency, Vjekoslav Bevanda, Chairman of the Council of Ministers, and Zlatko Lagumdzija, Vice Chairman of the Council of Ministers – Minister of Foreign Affairs.
