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Czech News in English » Business » Czech power group ČEZ opens procedure against Albania

Czech power group ČEZ opens procedure against Albania

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Czech state-run power giant ČEZ said on Thursday it had launched arbitration proceedings against Albania to seek damages after the Balkan state revoked its local distribution licence. Ranked Central Europe’s biggest utility and public company, ČEZ said in a statement that Albania had failed to protect the company’s investment there, in the electricity distributor Shperndarje.

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