Tag: financial

RiTE Ugljevik turns back to loss in H1 2020 – Bosnia and Herzegovina, 07 August 2020

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net loss in the amount of some 250,000 euros in the first half of 2020, compared to a net profit of around 720,000 euros in the same period last year. The company’s revenues in the first six months of the year rose by 3.5 % compared […]

MOL recorded losses in Q2 2020 due to lower sales – Hungary, 07 August 2020

Hungarian oil and gas company MOL recorded a loss in the amount of 120 million euros in the second quarter of 2020, as sales plummeted because of the coronavirus pandemic. Revenue fell 40 % to 2.35 billion euros as lockdowns reduced fuel sales and crude prices reached record lows. The cost of raw Full article […]

Transelectrica wants to access 350 million euros from the National Investment and Economic Recovery Plan – Romania, 07 August 2020

Romanian Minister of European Funds Ioan Marcel Bolos and Bogdan Grecia, member of the Board of Directors of electricity transmission system operator Transelectrica, discussed the involvement of the operator in the projects undertaken by Romania through the National Investment and Economic Recovery Full article available for subscribers of Energy NEWS service (PDF publications, energy news, […]