Development of Central/Eastern European market starts on schedule

In the past, Rätia Energie has mainly limited its activities to the Swiss, Italian, German, French and Austrian markets. Now, as planned, work has begun on building up new activities in the countries of Central and Eastern Europe. Since early August, a team of 13 people has been working in Prague on establishing the company's presence in the area of electricity trading. After having set up the necessary infrastructures for such an endeavour, actual trading activities have now commenced. The corresponding trading licenses have been applied for and some are already on hand.

Team in Prague – branch offices in Ljubljana and Bucharest Rätia Energie intends to gradually build up its activities in the countries of Eastern and Central Europe. Initially the focus will be on electricity trading. Should the opportunity arise, however, Rätia Energie does not rule out the possibility that it may also secure its own production capacities in these countries. Prague (Czech Republic) is the centre of these new activities. Rätia Energie currently has 13 Rätia Energie 2007 2 employees there, all of whom are experienced specialists with local roots and comprehensive knowledge of the markets in question. In addition, Rätia Energie has set up two branch offices in Ljubljana (Slovenia) and Bucharest (Romania). These are working in close cooperation with the Prague office and have the task of setting up activities in Slovenia and Romania and the surrounding countries. Rätia Energie intends to gradually extend its activities into the Czech Republic, Slovakia, Hungary, Poland, Slovenia, Romania, Croatia, Macedonia, Serbia, Bulgaria, Bosnia and Greece. Dynamic markets Rätia Energie sees opportunities for growth in international electricity trading, not only in the usual markets but in the countries of Central and Eastern Europe, as well. In doing so, Rätia Energie will be able to take part in the dynamic economies of these countries while also making its own contribution to help promote continued economic growth in this region.

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