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North Macedonias Okta Net Profit up 42% y/y in Q1

North Macedonia's Okta Net Profit up 42% y/y in Q1

North Macedonia's oil refinery Okta said its net profit reached 95.7 million denars ($1.8 million/1.6 million euro) in the first quarter of 2025, up 42% year-on-year

Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Türkiye Eyes Role as Energy Trade Hub, Turkish Energy Minister

Türkiye aims to become an energy trade hub by leveraging its renewable resources, nuclear power plants, strong transmission and distribution infrastructure, and high interconnection capacity with neighboring countries, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Friday

Volkswagen Reins in Margin Hopes as Tariffs Cloud Prospects

Volkswagen Reins in Margin Hopes as Tariffs Cloud Prospects

Volkswagen said on Wednesday that profit margins this year were likely to be towards the bottom of its guidance range and joined a chorus of automakers warning that U.S. trade policy was making it almost impossible to make financial predictions

North Macedonias Nomagas, Greeces DESFA Sign Energy MoU

North Macedonia's Nomagas, Greece's DESFA Sign Energy MoU

North Macedonia's state-owned natural gas transmission company Nomagas has signed a Memorandum of Understanding (MoU) with Greek peer DESFA to deepen their cooperation in the energy sector, further advance regional energy interconnection and strengthen security of supply, DESFA said on Tuesday

Poland, US Firms Sign Contract to Design Nuclear Power Plant

Poland, US Firms Sign Contract to Design Nuclear Power Plant

U.S. firms Westinghouse Electric and Bechtel signed a contract on Monday with Poland's state-owned Polskie Elektrownie Jadrowe (PEJ) to continue designing the country's first nuclear power plant, after an initial agreement expired at the end of March

What Caused Spain and Portugals Sweeping Power Outage?

What Caused Spain and Portugal's Sweeping Power Outage?

Power was restored in Spain and Portugal on Tuesday after lights, communications services and transport stopped working this week due to a sweeping blackout that sparked chaos for millions of people across the Iberian Peninsula. Authorities are still investigating what caused the unprecedented power outage

EU Sets Duties on Chinese Construction Machinery

EU Sets Duties on Chinese Construction Machinery

The European Commission said on Monday it had imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices

TerraPower Begins UK Design Assessment Process

TerraPower Begins UK Design Assessment Process

TerraPower has formally notified UK regulators that it plans to begin the generic design approval process for its Natrium sodium-cooled fast reactor, a first step towards deploying the technology in an international market