U.S. Foothold – Russian stance towards crisis in Venezuela

There are two reasons why Venezuela’s controversial leader is not yet fighting a losing battle against the country’s opposition. First, Venezuela’s military has pledged its loyalty to the leader since the beginning of the crisis while other military branches declared to stand by the president. Secondly, the government in Caracas is in the hopes for […]

Lotos delivers strong profit for 2018

The financial performance of the LOTOS Group in 2018 confirms its robust condition. The Group delivered a consolidated net profit of PLN 1.6bn and adjusted LIFO-based EBITDA of PLN 3.1bn, the highest figure on record. Revenue came in at PLN 30.1bn, up 24.5% on 2017, and CAPEX spending was PLN 1bn. The refinery processed the […]

Merkel: Climate cabinet to ensure Climate Action Law comes before end of year

The new 'climate cabinet’ consisting of ministers responsible for Germany’s emissions reduction record will help to make sure that the country introduces its much-awaited Climate Action Law still in 2019, Chancellor Angela Merkel has promised. Environment minister Svenja Schulze will be largely in charge of the cabinet that aims to resolve differences with her ministerial […]

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