OMV Petrom recorded 56 % lower profit in H1 2020 – Romania, 29 July 2020

Romanian largest oil and gas company OMV Petrom, a part of Austrian OMV Group, recorded a net profit in the amount of 179 million euros in the first half of 2020, which is 56 % lower compared to the same period last year. Sales fell by 11 %, following a downtrend in commodity prices and lower […]

MSZP alleges illegal state aid used to acquire Matrai Eromu – Hungary, 30 July 2020

The opposition Hungarian Socialist Party (MSZP) said that it will turn to the European Commission the alleged case of using illegal state aid for the acquisition of Matrai Eromu, the second largest electricity producer in the country. MSZP Vice President Laszlo Szakacs said that the deal cost the Full article available for subscribers of Energy […]

HEP’s solar power plant on Vis to enter trial operation – Croatia, 30 July 2020

Croatian electricity market operator HROTE and state-owned power utility HEP have signed a contract on a temporary inclusion of the facility to the national electricity system during its trial operation. HEP’s 3.5 MW solar power plant on the Vis island will be the first solar facility in Croatia Full article available for subscribers of Energy […]