Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

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Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

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The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
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HomeSEE Energy NewsRomania: BSOG dropped...

Romania: BSOG dropped arbitrage claims against the state related to Offshore Law

Black Sea Oil & Gas, a company controlled by the American investment fund Carlyle, gives up the arbitration process against the Romanian state regarding the additional tax provided for in the Offshore Law adopted in 2018, which was later maintained when the law was amended last year.

At the beginning of April 2022, information appeared in the press that BSOG notified the Romanian state of its intention to initiate an international arbitration process at the Court of Paris against the background of the non-amendment of the Offshore Law.

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