Algeria
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
The Institute of International Finance (IIF) has forecast a decrease in Russia’s fiscal breakeven oil price (the amount to balance the external current account) to $77 per barrel by 2025, supported by a recovery in oil and gas revenues.
Southeast European countries look to Algeria to diversify energy supplies
Both Slovenia and Croatia are tapping Algeria for gas imports as the country becomes an important supplier to southern Europe.
Slovenia turns back to Algerian gas after flirtation with Russian supplies
Slovenia used to get 30% of its gas from Algeria via Italy, then opted to rely on Russia. Now Ljubljana is scrambling to diversify.
“Silent demise” of world’s vast rangelands threatens food supply of billions, warns UNCCD report
Sixty-plus experts examine degradation caused by land overuse and misuse, climate change and biodiversity loss.
EBRD announces profit of €2.1bn in 2023
The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.