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Montenegrin Power Utility EPCG Q1 Net Profit Drops 3.6% Y/Y

Πεμ, 14 Μαΐου 2015 - 15:47

Montenegrin state-controlled power utility Elektroprivreda Crne Gore (EPCG) said on Wednesday its net profit fell 3.6% on the year to 13.4 million euro ($15 million) in the first quarter of 2015.

Regional Economic Development Could Trigger Change in Azerbaijan

Τετ, 13 Μαΐου 2015 - 18:32

Even a marathon starts with the first step. So, some food for thought can inspire changein Azerbaijan. In this country many see a lack of political reform and areworried about the human rights situation and minorities.

Romanian Natgas Producer Romgaz Net Profit Falls 7.5% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:07

The net profit of Romanian natural gas producer Romgaz, fell 7.5% on the yearto 563 million lei ($141.4 million/126.3 million euro)in the first quarter of 2015on lower demand, especially from fertilizer producers,the company said on Tuesday.

Ascent Resources Secures Loan to Help Fund Gas Project in Slovenia

Τετ, 13 Μαΐου 2015 - 18:06

UK-listed oil and gas production and exploration company Ascent Resources said on Tuesday it has secured with Henderson Global Investors Limited a 7 million British pound ($10.9 million/9.7 million euro) loan facility to help fund the development stage of the Petisovci tight gas project in Slovenia.

Romania's Energy Output Rises 4.9% Y/Y in Q1

Τετ, 13 Μαΐου 2015 - 18:03

Romania's energy output roseby an annual 4.9% in the first quarter of the year, while imports increased by 4.5%, the statistics office, INS, said on Tuesday.

Russia Invites Greece to Join BRICS Bank

Τρι, 12 Μαΐου 2015 - 16:38

Following a phone conversation between Greek Prime Minister Alexis Tsipras and Russian Deputy Finance Minister Sergei Storchak on May 11, the latter invited Greece tobecome the sixth member ofthe New Development Bank of BRICS countries.

Bulgaria's Bulgargaz Plans to Seek 6.61% Drop in Gas Prices in Q3

Τρι, 12 Μαΐου 2015 - 16:30

Bulgarian gas monopoly Bulgargaz said on Monday it plans to ask the regulator to approve a 6.61% decrease in the price at which the company sells natural gas to its wholesale clients in the third quarter of 2015.

Total 100.000 Romgaz Shares Trade on Bucharest Bourse

Τρι, 12 Μαΐου 2015 - 16:28

A total of 100,000 shares of Romanian natural gas producer Romgaz, equal to about 0.03% of its share capital, were traded for 3.6 million lei ($0.9 million/0.8 million euro) on the Bucharest bourse on Monday, stock exchange data showed.

Serbia's C-Bank Cuts Key Repo Rate to 6.5%

Τρι, 12 Μαΐου 2015 - 16:25

Serbia's central bank said on Monday it decided to cut the key repo rate to 6.5% from 7%.

Putin - Xi Plan Russia - China Energy Team

Δευ, 11 Μαΐου 2015 - 17:16

Russian President Vladimir Putin and Chinese leader Xi Jinping oversaw the signing of 32 contracts on May 8, including energy, trade and finance deals aimed at strengthening economic ties.

Formal Launch Held for Works on Krnovo WPP in Montenegro

Δευ, 11 Μαΐου 2015 - 15:48

Montenegro's Krnovo Green Energy has marked the official start of construction works on the 72 MW Krnovo wind power plant (WPP) with an estimated investment value of 120 million euro ($134.8 million), local media reported on Friday.

PHX Energy Services Activity in Albania Falls in Q1

Δευ, 11 Μαΐου 2015 - 15:47

Canada-based PHX Energy Services said its activity in Albania fell by 42% measured by operating days in the first quarter of 2015 compared to the same period a year earlier.

Bulgarian Electricity Company NEK Turns to Q1 Pre-Tax Profit of 12.8 Mln Euro

Δευ, 11 Μαΐου 2015 - 15:44

Bulgaria's state-owned National Electricity Company (NEK) said on Thursday it turned to а pre-tax profit of 25 million levs ($14.4 million/12.8 million euro) in the first quarter of the year from a pre-tax loss of 93.8 million levs a year earlier.