Serbia, Hungary And Bulgaria Form Energy Security Pact

August 2014, Vol. 241, No. 8

At a Natural Gas Europe and IPM conference in Vienna, Serbia, Hungary and Bulgaria agreed on a forum to coordinate energy policies to increase prosperity.

The forum will be open to their respective members, governments and neighbors in the Central, Eastern and Southern European region. A final agreement is expected to be made in Budapest in September. The Chambers of Commerce agreed to guarantee better access to secure energy sources, ensure liberalization of the energy market and enable competitive pricing.