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German industry sceptical of power tax cut plan
German energy experts and industry representatives are sceptical of a government plan to cut industrial power taxes, with the details still ambiguous and some arguing more was needed to ensure competitiveness with other nations.
read more... 21/11/2023
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Bulgarian government doubts it will collect gas taxes from Putin
The government has decided to withdraw the estimated revenue of €1.2 billion from the new tax on the transfer of Russian gas from the state budget 2024 because the ruling majority doubts that the money can be obtained, Finance Minister Asen Vasilev said on Sunday.
read more... 21/11/2023
EU extends state aid scheme for companies hit by rising energy prices
The European Commission on Monday (20 November) extended by six months to June 2024 a scheme enabling EU countries to help companies hit by energy price spikes caused by Russia’s war on Ukraine.
read more... 21/11/2023
Daily (20.11.2023): Oil prices rebounded on Friday as the market's current attention is on the upcoming OPEC meeting this week
On Friday, oil prices bounced back after experiencing a significant drop the day before. The market's current attention is on the upcoming OPEC+ meeting this week, where there is potential for intervention to counteract the downward trend in prices. As a result, both contracts climbed by over 4%. Brent crude settled at $80.61 per barrel, while WTI crude ended at $75.89 per barrel.
read more... 20/11/2023
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Brussels readies ‘trade instruments’ to protect EU’s struggling wind industry
The European Commission is considering using its “trade instruments” as the EU’s wind industry continues to struggle with fierce competition from China, high raw material prices, rising interest rates, and slow permit-granting processes.
read more... 20/11/2023