Fontdeck up for grabs
News from Emerging Markets
The biggest Bulgarian thermal power station - "Maritza East 2"- is in a difficult situation, Confederation of Independent Trade Unions of Bulgaria (KNSB) leader Plamen Dimitrov warns. By September 30, "Maritza East 2" has accumulated nearly BGN 17 million loss, something uneseen in years, said Dimitrov.
Hungarian fuels group MOL has announced on Thursday that the Field Development Plan (FDP) for the Akri-Bijeel Block in Kurdistan has been officially approved by the Minister for Natural Resources. Key terms of the related Lifting Agreement and Pipeline Construction Agreement are under discussion with the Ministry of Natural Resources.
Consumer confidence in Turkey declined by 4.9 percent in October, according to official data released on Thursday, The Turkish statistical institute TurkStat released a report indicating a 3.7-point drop, compared to September, in the consumer confidence index, suggesting economic pessimism among Turkish citizens is on the rise.
Swiss power firm ABB has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA) to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park.
A stagnant economy and inflation are serious challenges for the Rousseff administration in its second mandate and where one of the main targets of opposition candidate Aecio Neves during the runoff campaign in which he was defeated by a minimum margin.
Visa could lose up to $70 million next year due to a sanctions-inspired law requiring foreign payment systems to relocate their transaction processing to Russia, news agency Interfax reported on Thursday.
Subscribe to our EMIS Newsletters