Augstsprieguma tīkls

Commission of European experts to investigate power grid incident that left northwest Romania without electricity

A commission of European experts will investigate the causes of the incident occurred Friday afternoon in the European power transmission system and which left several areas in northwestern Romania without electricity, sources from the Energy Ministry told AGERPRES. "No one so far knows what the incident's causes are.

Folli Follie losses down, debt still high

Jewelry and fashion accessories company Folli Follie sustained losses of 121 million euros during 2019, or 44% less than in 2018, according to results as yet uncertified by chartered accountants.

Operational losses also declined, to about €74 million in 2019 from €156.2 million in 2018, despite turnover shrinking to €203 million from €297 million.