News

CEZ subsidiaries skipped dividends for 2020 – Bulgaria, 28 June 2021

Shareholders of CEZ Distribution Bulgaria, electricity distribution subsidiary of Czech energy company CEZ, approved the management’s proposal to skip dividend distribution for 2020 and fully retain last year’s profit. The […]

Electricity production reached 3,848 GWh in April – Bulgaria, 29 June 2021

According to Bulgarian National Statistical Institute, production of electricity in April 2021 decreased by 9.4 %, compared to February, to 3,848 GWh, while consumption of electricity dropped by 14.4 % […]

OMV Petrom to invest 70 million euros in Petrobrazi refinery upgrades – Romania, 29 June 2021

The largest Romanian oil and gas company OMV Petrom will invest some 70 million euros in its Petrobrazi refinery to replace certain facilities that are essential during the refining process. […]