WAY UPWARDS - HSE
WAY UPWARDS - HSE
WAY UPWARDS - HSE
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32 Annual Report 2011<br />
<strong>HSE</strong> Group in Western, Central and South-Eastern European Markets<br />
EEX<br />
PXE<br />
<strong>HSE</strong> Prague<br />
Branch Office<br />
OTE<br />
<strong>HSE</strong> Bratislava<br />
Branch Office<br />
OKTE<br />
EXAA<br />
EPEX SPOT<br />
<strong>HSE</strong> Italia<br />
SOUTHPOOL<br />
<strong>HSE</strong> Hungary<br />
<strong>HSE</strong> Adria<br />
<strong>HSE</strong> Bucharest<br />
representative office<br />
<strong>HSE</strong> Belgrade<br />
representative office<br />
<strong>HSE</strong> Balkan Energy<br />
<strong>HSE</strong> BH<br />
<strong>HSE</strong> Bulgaria EOOD<br />
IPEX<br />
<strong>HSE</strong> MAK Energy DOOEL<br />
OMIE<br />
<strong>HSE</strong> has registered companies, branches and representative offices in Slovenia,<br />
Croatia, Serbia, Italy, Hungary, Bulgaria, Bosnia and Herzegovina, Czech Republic,<br />
Slovakia, Romania and Macedonia. It is a member of the German energy exchange<br />
EPEX, Austrian energy exchange EXAA, French power exchange Powernext,<br />
Italian power exchange IPEX, Czech energy exchange OTE, Prague-based<br />
energy exchange PXE, Hungarian energy exchange HUPIX, regional energy exchange<br />
Southpool and Slovak stock exchange OKTE. In Greece, <strong>HSE</strong> obtained<br />
an electricity trading licence on behalf of the controlling company; it also holds<br />
a trading licence in Poland. In 2011, <strong>HSE</strong> finished the registration procedure in<br />
Spanish market and became the member of the Spanish stock exchange OMIE.<br />
The <strong>HSE</strong> Group’s other trading markets include:<br />
• Albania;<br />
• Montenegro;<br />
• Switzerland; and<br />
• Kosovo.
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