Romgaz to pay additional dividends – Romania, 30 May 2017

Board of Directors of Romanian natural gas producer Romgaz has approved the distribution of an additional dividend in the amount of 0.31 euros per share and has set 26 July as the payment date. According to the statement from the company, total additional dividend payout will amount to almost 120 million euros, consisting of 95.2 […]

Transelectrica named provisional CEO – Romania, 30 May 2017

Romanian electricity transmission system operator Transelectrica has informed its shareholders and investors that, according to the statutory and legal provisions, following the termination of the contract with the company’s CEO and member of the Board of Directors Toni Teau, Supervisory Board has appointed Luca-Nicolae Iacobici as a provisional CEO and the member of the Board […]

CEZ Distribution almost doubled net profit in Q1 2017 – Bulgaria, 30 May 2017

CEZ Distribution Bulgaria, electricity distribution company which is a subsidiary of Czech energy group CEZ, recorded a consolidated net profit in the amount of 5.8 million euros in the first quarter of 2017, almost twice as high compared to 3.4 million euros in the same period last year. The company’s total revenues increased to 62.8 […]