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UPDATE 2-Court orders Bulgaria to pay Russia over cancelled nuclear project: officials

* Sofia, Moscow to decide whether to build or resell unit

(Adds detail, background)

Brussels steps up effort to halt Poland's logging plan in primeval forest

BRUSSELS/WARSAW, June 16 (Reuters) - The European Union
executive on Thursday stepped up efforts to stop Poland from its
planned increase in logging in Europe's last primeval forest,
adding to bad blood between Brussels and Warsaw.

Toshiba Eyes Expanding Its Geothermal Business Beyond Turbines

Toshiba Corp., the world’s biggest supplier of turbines used to produce electricity from the heat trapped underground, will expand its geothermal power business into operation and maintenance services as it aims to extend its lead in a global market dominated by a handful of competitors.

Developers Optimistic About Finland’s Offshore Wind Market

As Finland gets underway with development of its first offshore wind farm, developers are optimistic over what the project means for future development of offshore wind in the country.

UPDATE 2-EU's Juncker defends attendance at Russia forum, says talks vital

ST PETERSBURG, Russia, June 16 (Reuters) - European
Commission President Jean-Claude Juncker defended his decision
to attend an economic forum in Russia on Thursday by saying it
was common sense to talk to Moscow despite lingering tensions
over the Ukraine crisis.

Is Environmental Regulation a Substitute for a US National Energy Policy?

Environmental regulation has certainly played an important role in the development of clean renewable energy and energy efficiency technologies, manufacturing/operating systems and designs. It is important, however, to consider whether or not environmental regulation is in fact an acceptable substitute for a targeted national energy policy.

Russia finmin says to increase borrowing while cutting budget deficit

ST PETERSBURG, Russia, June 16 (Reuters) - Russian Finance
Minister Anton Siluanov said on Thursday his ministry will need
to increase the volume of borrowing even while cutting the
country's budget deficit.

UPDATE 1-Russian central bank vows to meet inflation target, warns on deficit

ST PETERSBURG, Russia, June 16 (Reuters) - Russia's central
bank is determined to meet its inflation target and will have to
keep interest rates high unless the government cuts its budget
deficit, Governor Elvira Nabiullina said at the St Petersburg
International Economic Forum on Thursday.

UPDATE 3-Oil hits three-week low on weak U.S. stock draw, Brexit fear

* U.S. crude stocks fall less than expected

(Updates throughout, changes dateline, previous TOKYO)

Post-Islamic State Iraq should be split in three - top Kurdish official

ERBIL, Iraq, June 15 (Reuters) - Once Islamic State is
defeated, Iraq should be divided into three separate entities to
prevent further sectarian bloodshed, with a state each given to
Shi'ite Muslims, Sunnis and Kurds, a top Kurdish official said
on Thursday.

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