Pannonia Ethanol, a Hungarian producer of ethanol fuel, lodged a complaint with the European Commission last year after price reporting agency Platts denied it the opportunity to contribute to setting prices.
The Czech recession deepened in the first three months, the longest economic contraction since current records began in 1996, as people and businesses spent less because of austerity measures and Europe’s debt crisis.
Under shellfire on Christmas Eve 1991, 13-year-old Maja Biloglav fled Zadar by boat at night, sent away by her parents as the Yugoslav army surrounded the Adriatic town following Croatia’s declaration of independence.
Moody’s affirms CEZ’s A2 rating and changes outlook to negative from stable, citing “ongoing decline in the outlook for electricity generation in central Europe,” according to a statement. Moody’s also says: *Power prices won’t recover in “near-to-medium” term CEZ “particularly exposed” to changes in power price because its fleet is predominantly fixed-cost in nature *Low power prices to weigh on CEZ’s financial profile from 2014 *CEZ’s capex, dividend to face more funding challenge from 2013 onwards: *Change doesn’t factor in “additional risk” of investing in new nuclear reactors
The Czech inflation rate remained below the central bank’s target for a fourth month in April, contained by weak consumer demand, as policy makers debate whether to stimulate the economy by selling the koruna.
Bulgaria’s Gerb party of former Prime Minister Boyko Borissov and the rival Socialist Party are neck- and-neck before early elections, raising concern about the next administration’s ability to extend an austerity program.