... Directors adopted a long-term NIS Development Strategy for the Balkans by 2020 for the first time in the Company’s history. The Company’s main strategic goal by 2020 is to become the most efficient, fastest-growing energy company in the Balkans, maintaining its leadership position on the Serbian market and becoming one of the top three companies in
the Southeaster Europe.
... participation in the project was signed on 18 January 2008 and ratified by Bulgarian Parliament on 25 July 2008. It was agreed to set up an equally owned company to build and operate the Bulgarian section of the pipeline. The first agreement between Russia and Serbia was signed even before announcement of the South Stream project. On 20 December 2006, Gazprom and Serbian state-owned gas company Srbijagas agreed to conduct a study on building a gas pipeline running from Bulgaria to Serbia. On 25 January 2008,...