The worst heatwave in Russian history is likely to cost the economy almost one percent of GDP, according to economists. The summer's drought, forest fires and smog will be significant factors in eroding economic growth.

• August 11, 2010

Ukrainian National Energetic Company ( NEC) "Energoatom" expects to receive about one billion EUR loans from the European Bank for Reconstruction and Development (EBRD) and European Agency for Atomic Energy "Euratom" to implement a universal program on improving safety of the country's nuclear power plants, the company said

• August 10, 2010

The Obama Administration plans to sell 84 F-15 Eagle jet fighters to the Kingdom of Saudi Arabia over the next ten years for a total of $30 billion.

• August 10, 2010

Australia's main opposition Liberal-National coalition of center-right parties said Tuesday it will open up uranium exports to India if it wins power in an election to be held Aug. 21.

• August 10, 2010

The majority in the Serbian cabinet supports the country’s participation in Bulgaria’s Nuclear Power Plant (NPP) project, according to the Serbian newspaper “Vecherne Novosti.”

• August 9, 2010

Russian President Dmitry Medvedev arrived Sunday in Abkhazia, one of the separatist territories over which Russia and Georgia warred two years ago, the state-run Interfax news agency reported.

• August 9, 2010

In a recent briefing on Russia, this Forum expressed the view that Moscow is becoming an increasingly assertive regional player in the wider Black and Caspian Sea (BCS) basin and that energy remains a key Russian priority for the region. We commented in that report that the Russian state-controlled energy holding, Gazprom, provided Moscow with a significant instrument to exercise power in the region. READ MORE

• August 9, 2010

Serbian President Boris Tadic has arrived to Bulgaria’s Varna for high-level bilateral talks with Prime Minister Boyko Borisov.

• August 7, 2010