The Management and Supervisory Boards of the Croatian oil transportation company JANAF have proposed a dividend payment of 28.81 euros per share to its shareholders. This follows a highly profitable year for the company, surpassing the business goals set by its management. As a result, shareholders are set to receive a substantial dividend as a […]
A subsidiary of the state-owned power utility ERS, Hidroelektrane na Trebisnjici (HET), successfully met its production target in the first quarter of this year by generating 250 GWh of electricity. This achievement comes after a period of favorable rainfall, which notably improved the water levels in the Bileca reservoir. Milan Mitrovic, the Executive Director for
Bulgaria: Market liberalization won’t raise electricity bills for households Read More »
Energy Minister Zhecho Stankov has assured Bulgarian citizens that the upcoming liberalization of the electricity market will not lead to higher household electricity bills. He emphasized that the government is implementing compensatory measures to protect consumers, with support coming from the Electricity System Security Fund. Stankov clarified that although market liberalization is scheduled to begin
The Regulatory Commission for Energy, Water and Municipal Waste Management Services (KRRE) has been actively working on a comprehensive set of measures aimed at strengthening consumer protection. These initiatives include monthly meter readings and special inspections of measuring devices, selected randomly from consumers who have submitted complaints to KRRE. According to the Commission, these mechanisms
Romania sees major growth in prosumers, total installed capacity hits 2.44 GW Read More »
By the end of January, Romania had reached a significant milestone with a total installed capacity of 2.44 GW from prosumers, reflecting a 63% increase compared to the previous year. The number of prosumers also surged by 79%, reaching 203,984, and this growth trend is expected to continue, fueled by the introduction of additional state
The environmental approval for the completion of the Cerna-Belareca hydro project has been granted by Romania’s Ministry of Environment, marking an important milestone in the country’s efforts to enhance energy independence. Located in the Baile Herculane, Mehadia, and Cornereva areas of Caras-Severin County, the project is set to increase Romania’s annual electricity generation by 40.2
Hungary: MOL proposes total dividend of 0.68 euros per share for 2024 Read More »
Hungarian oil and gas company MOL has announced that its Board will recommend a total dividend of approximately 0.68 euros per share at the upcoming annual general meeting on April 24. This dividend proposal includes a base dividend of 0.41 euros per share, derived from the company’s 2024 earnings, along with a special dividend of
Croatia, particularly the Podravina basin, is situated above a vast geothermal reservoir with significant potential for renewable energy production. However, challenges persist for investors in the geothermal energy sector, including the absence of tenders for awarding premiums and the limited planned installed capacity of future power plants. On 28 March, INA began exploratory drilling at
RiTE Gacko, the coal mine and thermal power plant, has announced a series of tenders in preparation for a significant overhaul planned for this year. The tenders are aimed at selecting contractors for various critical projects at the facility. One of the tenders focuses on repairs to the piping system of the boiler plant, with
In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,
