English Edition

E.ON UK: Will Reduce Tariffs Next Yr If Gas, Elec Prices Fall

Πεμ, 27 Νοεμβρίου 2008 - 17:56

The U.K. arm of German utility E.ON AG (EOAN.XE) said Thursday it hopes to reduce its gas and electricity tariffs next year if wholesale prices continue to fall.

France Tables Compromise On Contentious EU Biofuels Rules

Πεμ, 27 Νοεμβρίου 2008 - 17:55

France this week proposed a compromise on controversial biofuels requirements under negotiation at the European Union in the hope of ending a standoff between members of the European Parliament and the E.U. national governments, a document obtained by Dow Jones Newswires says.

E.ON CEO Says Doesn't Expect Fincl Crisis To Impact Grid Sale

Πεμ, 27 Νοεμβρίου 2008 - 17:54

E.ON AG's (EOAN.XE) Chief Executive Wulf Bernotat Thursday said he expects plenty of interest in the company's German transmission power grid that's for sale despite a deterioration of the market environment due to the financial crisis.

Slowdown set to fuel joblessness

Τετ, 26 Νοεμβρίου 2008 - 12:02

The Organization for Economic Cooperation and Development (OECD) expects growth in the Greek economy to slow next year to an annual pace of 1.9 percent as well as a spike in jobless numbers, it said in a report yesterday. Greece’s economy is starting to slow under the weight of the global crisis, which has been reducing demand for the country’s two key sectors, tourism and shipping.

Firms fined for fixing unleaded fuel prices

Τετ, 26 Νοεμβρίου 2008 - 12:00

A man is seen preparing to fill underground storage tanks with petrol from his tanker at a BP gas station in this file photo. The Competition Commission yesterday fined the local units of BP and Royal Dutch Shell a total of 49.8 million euros for unleaded fuel price fixing. BP Hellas was fined 30.1 million euros and Shell Hellas 19.7 million euros.

Titan signs deal for Albania

Τετ, 26 Νοεμβρίου 2008 - 11:56

International Finance Corporation, a member of the World Bank group, and the European Bank for Reconstruction will take a stake in Titan Cement’s Albania subsidiary in exchange for a 33.6-million-euro loan, the Greek company said yesterday. The two lenders will take a 50 percent stake in Titan’s Albanian subsidiary, Antea Cement, as part of the finance deal.

Kazakhstan Adopts $10 Billion Stabilization Plan For Economy

Τρι, 25 Νοεμβρίου 2008 - 20:16

Kazakhstan on Tuesday agreed to a $10 billion crisis plan aimed at protecting its once booming economy from the worst effects of the global economic slowdown.

RWE Says Interested In Renewable Energies Invest In Bulgaria

Τρι, 25 Νοεμβρίου 2008 - 20:15

German utility RWE AG (RWE.XE) Tuesday said it is interested in investing in the renewable energies sector in Bulgaria.

Gazprom Starts Gas Talks With Ukraine On Contract

Τρι, 25 Νοεμβρίου 2008 - 20:14

Gazprom Neft (SIBN.RS) and a delegation from Ukraine's state gas company began talks on Tuesday in a bid to agree on a new contract for pumping Russian gas to Ukraine, the Russian energy group said.

Ukraine, Russia Partly Agree On Gas Debt

Τρι, 25 Νοεμβρίου 2008 - 20:13

Ukraine has agreed to pay off part of its gas debt to Russia, but the two countries still need to settle on payments until year-end to avoid a repeat of 2006's gas supply interruptions, representatives from Russia's and Ukraine's state gas firms said Tuesday.