Industries

Brussels freezes investigation of MOL’s takeover of OMV Slovenija

Ljubljana/Brussels – The web portal Necenzurirano reports that the European Commission has frozen the in-depth investigation of the purchase of service stations of OMV Slovenija by the Hungarian energy group MOL until further notice. The investigation will resume after the Commission receives the required documentation from MOL.

Turkish contractors awarded $6 bln worth of projects abroad this year

Turkish contractors were awarded a total of 156 projects worth $5.94 billion in foreign countries from January to July this year, data from the Trade Ministry have shown.

The average size of the projects awarded to Turkish companies abroad in the first seven months of the year was $38 million, according to the ministry.

Siemens posts loss as energy spin-off struggles

German industrial conglomerate Siemens said yesterday it had made a significant net loss as it counted the cost of struggles at its former energy unit.    

Between April and June, Siemens recorded a net loss of 1.5 billion euros ($1.5 billion), after a mirror 1.5-billion-euro profit in the same period last year.    

Global Airlines Suffer Great Losses Owing to Coronavirus Pandemic

By the end of 2020, the losses of global airlines due to the coronavirus pandemic may amount to about $160 billion. The president of Boeing for Russia and the CIS Sergey Kravchenko expressed his opinion in an interview with the TV channel "Russia 24".

"I think airlines will lose money. This year they will lose about $160 billion," he said.

US Tightens Restrictions on Dual Use Goods and Technologies, China and Russia Blacklisted

The US has placed export restrictions on more than 100 Chinese and Russian companies with alleged military ties.

US exporters will be required to get a licence before they transfer "designated items" to companies on the blacklist. The list includes a large number of Chinese aerospace companies as well as Russia's foreign intelligence service.

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