Montenegrin electricity transmission system operator CGES reported a net profit of 16.7 million euros for the first nine months of 2025, slightly lower than the 17.4 million euros recorded during the same period last year. The company’s net sales reached 69.3 million euros, representing a 2.8 percent decrease compared to the same period in 2024. […]
Pljevlja coalmine reported a net loss of approximately 1.4 million euros in the first nine months of 2025, a sharp decline compared to a profit of 3.34 million euros recorded in the same period last year. According to the company’s financial report, sales revenues dropped significantly to 21.8 million euros, representing a 49.4 percent decrease
Greece boosts regional energy role with €134 million Komotini gas compression station Read More »
Greece is preparing to launch a new natural gas compression station in Komotini, northern Greece, marking a significant milestone in its strategy to strengthen its role as an energy hub for southeastern Europe. The €134 million investment will substantially increase the country’s capacity to export natural gas northward, reinforcing the regional energy corridor that links
German-Bulgarian renewable energy company SUNOTEC has signed a five-year cross-border spread hedge agreement with Shell Energy Europe, aimed at ensuring price stability for its 600 MWh battery energy storage system currently under development in Bulgaria. The partnership represents an important milestone in enhancing financial predictability for large-scale energy storage projects in southeastern Europe. The agreement
The largest electricity producer in the Republic of Srpska, coalmine and thermal power plant RiTE Ugljevik, reported a loss of 11.6 million euros in the first nine months of 2025, compared to a loss of 15.3 million euros during the same period last year. According to the company’s financial statement, total revenues for the reporting
A total of 511,894 MWh of electricity was traded on the day-ahead market of the Serbian energy exchange SEEPEX in October 2025, marking an 11.9 percent increase compared to the previous month and averaging 16,512.7 MWh per day. However, trading volume was 6 percent lower than in the same month last year. The average daily
Romania raises electricity and heating prices as cogeneration tax increases by 62% Read More »
Starting November 1, electricity and heating prices in Romania will increase slightly following a 62 percent rise in the high-efficiency cogeneration tax, which has been raised to 0.0027 euros per kilowatt-hour. The adjustment was announced by the Smart Energy Association (AEI), which warned that despite years of contributions intended to fund efficiency improvements, consumers continue
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
