Montenegrin fuel retailer Jugopetrol achieved a net profit of 8.8 million euros in the first nine months of 2025, up from 7.3 million euros in the same period last year. The company’s net sales amounted to 196.3 million euros, representing a 3.1 percent decrease compared to the same period in 2024. Operating expenditures also declined […]
U.S. President Donald Trump has revealed that Hungarian Prime Minister Viktor Orbán personally requested an exemption from the newly imposed U.S. sanctions targeting Russia’s oil sector. However, Washington rejected the request, reaffirming that the restrictions would apply universally, without exceptions. Trump explained that the decision was based on both economic and national security considerations, emphasizing
The newly installed regasification module at Croatia’s floating LNG terminal in Omišalj has entered the testing phase and will undergo several weeks of adjustments, the operator LNG Hrvatska announced. The upgrade is a key part of a major capacity expansion project at the liquefied natural gas terminal. According to LNG Hrvatska, the new module must
Bulgaria is maintaining active coordination with both the European Union and the United States regarding the uncertain future of the Lukoil Neftochim Burgas refinery, said Pavela Mitova, Chair of the Parliamentary Committee on Energy. She confirmed that domestic fuel supplies remain stable and that reserves are sufficient for the coming months, but emphasized that a
Bulgaria: Electricity production up 7.5% in 2025, driven by strong growth in renewables Read More »
According to data released by Bulgaria’s electricity transmission system operator ESO, the country’s electricity production between January 1 and November 2, 2025, rose by 7.51 percent compared to the same period in 2024, reaching 33.68 TWh. Electricity consumption also increased, growing by 6.42 percent to a total of 31.61 TWh. As a result, Bulgaria recorded
The thermal power plant and coalmine complex RiTE Ugljevik has received approval to begin operations in the Ugljevik East 2 concession area, along with authorization for a higher electricity selling price. The decision follows a series of high-level meetings between representatives of the Government of the Republic of Srpska, state-owned power utility ERS, and Gas
Bosnia and Herzegovina: TPP Gacko restored to full operation after boiler repair Read More »
The coal-fired thermal power plant in Gacko has been reconnected to the grid following the successful repair of a technical fault, according to Director Maksim Skoko. The unit was temporarily taken offline on the morning of November 1 after operating continuously for 57 days, due to a malfunction in the boiler system caused by a
In Serbia’s current industrial-investment surge, one topic that increasingly defines project outcomes is waste management. Once simply a matter of site-logistics—sorting debris and arranging disposal—waste handling has now moved centre stage. It sits at the intersection of regulatory enforcement, ESG (Environmental, Social, Governance) risk, financing conditions and operational commissioning. For industrial facilities, energy projects or
In Serbia’s current wave of industrial and energy development — from wind farms and substations to logistics hubs, factories, and high-voltage facilities — the decisive force shaping project viability is no longer just engineering, cost, or permitting. It is ESG compliance: Environmental, Social, and Governance requirements that now sit at the centre of financing, construction
The Serbian Ministry of Mining and Energy has announced that the NIS oil refinery in Pančevo will continue its production and distribution operations until November 25, supported by sufficient crude oil reserves. The decision was confirmed after a session of the Standing Task Force for the National Strategy for Crisis Situations in the Oil Sector.
