The state made half a billion euro from energy

State-owned energy companies posted cumulative profits of €500 million in 2007, according to latest estimates, with higher prices for electricity and natural gas leading to these financial results.Romgaz and Transgaz are the most profitable state-owned companies on the energy market, but the highest growth is in the private sector, where Austrian OMV group owned Petrom is expected to report a net profit of some €504 mln, according to its 2007 budget.The most profitable state-owned ...

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