Slovakia

Slovakia's PM Fico to discuss nuclear power plans in S Korea check out

Slovakia's Prime Minister Robert Fico stated on Friday he will talk about plans to develop a new nuclear power system during a see to South Korea as the government sounds out prospective bidders. Slovakia is wanting to construct a new nuclear power system of up to 1,200 megawatts (MW) at its Jaslovske Bohunice plant. The economy and finance ministries are because of send strategies to the federal government by the end of October. In July, Slovakia's. neighbour the Czech Republic picked South Korea's KHNP over. French group EDF to build brand-new nuclear power blocks. Fico said he hoped his check

Environment

Floods kill one in Poland and rescue employee in Austria as rains batter central Europe

Floods in Romania eliminate a minimum of 4 individuals as rain batters central Europe

At least 4 individuals passed away and thousands of homes were harmed by flooding in eastern Romania on Saturday, officials stated, as rising river levels put authorities on alert in much of central and eastern Europe following days of downpour. More rainfall is forecast in the coming days in the Czech Republic, Poland, Slovakia, Hungary, southern Germany and parts of Austria, leading officials in some high-risk locations to implement emergency flood preparations. Citizens of some towns along the Czech-Polish border were left as rivers rose past alert levels while the Czech capital, Prague, which suffered disastrous floods in 2002, put

Energy Markets

Russian oil transit by means of Ukraine doubles in July, consultancy says

South Africa's Absa CEO Arrie Rautenbach to retire next year

South African lending institution Absa Group on Monday stated Ceo Arrie Rautenbach will take early retirement from the company, effective on April 15, 2025. Charles Russon will become interim CEO of Absa Group and Absa Bank efficient on Oct. 15, 2024, subject to regulatory approval, the bank said in a declaration. Charles' consultation will allow a smooth shift, while the board conducts a persistent search for a new long-term group chief executive, Absa stated. Absa stated the modification was taken following engagements. between the board and Rautenbach, however offered no additional details. Rautenbach will be on a 6-month legal notice

Fossil Fuels

No danger to oil supply security in Hungary, Slovakia, EU Commission says

There appears to be no immediate threat to the security of oil supply to Hungary and Slovakia as sanctions enforced by Ukraine on Russian oil manufacturer Lukoil do not affect the transit of oil via Ukraine to Hungary, the European Commission said on Thursday. In a letter dealt with to foreign ministers of Hungary and Slovakia, European Commission Vice President for Trade Valdis Dombrovskis stated that according to details received from Hungary's MOL, the importer of the Russian oil, the oil ends up being property of the trading business at the Russian-Ukrainian border, and is therefore not subject to sanctions.

Hungary implicates EU of blackmail over obstructed oil materials