Europe Headlines

Tartarstan: TATNEFT Candidates Among Managers of the Year in Public Contest

Nominees from TATNEFT have been named among the Managers of the Year at an annual nationwide contest in Tartarstan. Zagit Sharafeev, Deputy General Director of TATNEFT for Petrochemical Production, Farid Zakiyev (head of the Tatneftegazpererabotka administration division of TATNEFT) and Razif Galimov, Head of the Aznakaevskneft subsidiary, were respectively honoured for their active investment activity, environmental production safety and high social responsibility.


Russia: Marsh Warns of New Russian Liability Law

Insurance broking and risk management firm Marsh has warned that a new law on the management and of plants dealing in hazardous materials will have significant implications for companies trading in the Russian Federation. The law, which came into force on January 1, will have violation penalties applying from April 1, and stipulates that owners of plants that handle hazardous materials must have liability insurance for bodily injury to workers, along with nearby inhabitants and their property.


Romania: OMV to Fight Antitrust Fines

OMV has confirmed that it plans to fight fines levied by Romania's main competition watchdog, the Competition Council, in court. The company, responding to an announcement that OMV Petrom SA and OMV Petrom Marketing SRL are among several firms being fined a total of 880m lei by the regulator, said that both subsidiaries felt the fines were unjustified. 

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