Economy of Russia

Energy Watchdog Chair: There is no Way Money Can be Refunded to Consumers as a Result of Gas Price Reduction

Ivan Ivanov, chair of the Energy and Water Regulatory Commission stated that without amendments to the law there is no way money can be refunded to consumers as a result of the reduction in natural gas prices. He added that such a decision with retroactive effect would be annulled in court, BNR reported.

Rothschild Company Abandons Bid to Run Moldova Airport

NR Investments Ltd, a company owned by British billionaire Nat Rothschild, on Sunday said that it was pulling out of its troubled investment in the main airport in Moldova following months of disputes.

The company said it was giving up 95.95 per cent of Avia Invest, the company that run Chisinau International Airport.