companies

From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly? Read More »

From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly?

For more than a decade, Serbia’s power sector has been defined by stagnation, delayed modernisation, and the slow unraveling of a once-dominant state monopoly. Elektroprivreda Srbije (EPS), the country’s vertically integrated electric-power utility, remains one of the largest state-owned enterprises in Southeast Europe—responsible for the country’s generation, distribution, mining and critical infrastructure stability. But it […]

MOL’s potential takeover of NIS: What merger rules mean for Serbia’s oil market Read More »

MOL’s potential takeover of NIS: What merger rules mean for Serbia’s oil market

Although the chief of staff to Hungarian Prime Minister Viktor Orbán stated that negotiations between MOL and the majority owner of Serbia’s oil company NIS are still in their early stages, the transaction increasingly appears likely. The impression is strengthened by Orbán’s recent meeting with Russian President Vladimir Putin — and by the Hungarian leader’s

Serbia’s oil market: Supply shifts, key industry players, and what incoming investors should expect Read More »

Serbia’s oil market: Supply shifts, key industry players, and what incoming investors should expect

Serbia’s oil sector occupies a particularly strategic place in the Western Balkans—and yet it is also one of structural vulnerability, evolving geopolitics and emerging opportunities for new players. The country remains a net importer of crude and refined oil products, while its domestic refining and distribution infrastructure is concentrated in a few hands. The combination

Serbia creates new gas infrastructure operator as sector unbundling advances Read More »

Serbia creates new gas infrastructure operator as sector unbundling advances

Serbia is moving to restructure its gas sector by creating a new company, Gas Infrastruktura, which will take over the management and ownership of the country’s gas transmission system. Under the Government’s plan, Srbijagas will no longer handle transmission operations and will instead focus solely on supplying the domestic market. Energy Minister Dubravka Đedović explained

Ecomondo 2025: Key opportunities for companies and entrepreneurs seeking strategic partnerships and market expansion Read More »

Ecomondo 2025: Key opportunities for companies and entrepreneurs seeking strategic partnerships and market expansion

The 2025 edition of Ecomondo in Rimini reaffirmed its role as a central European hub for business development, new partnerships and cross-industry networking in the fields of circular economy, environmental technologies, waste management and green innovation. For entrepreneurs, start-ups and companies aiming to grow their business or enter international markets, the event provides a unique

Hungary: MOL CEO says Danube refinery fire caused by technical failure, not sabotage Read More »

Hungary: MOL CEO says Danube refinery fire caused by technical failure, not sabotage

MOL Group CEO Zsolt Hernadi has dismissed claims that the recent fire at the company’s Danube refinery in Százhalombatta was the result of sabotage or politically motivated interference, stating that the incident was caused solely by a technical malfunction. The fire, which occurred on 20 October, originated within the refinery’s interconnected processing units and was

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition Read More »

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition

Swiss commodities trader Gunvor has withdrawn its proposal to acquire the foreign assets of Russian oil giant Lukoil, following strong opposition from the U.S. Treasury, which labeled the company a “Kremlin puppet.” The move ends what would have been Gunvor’s largest acquisition to date and highlights Washington’s continued push to isolate Russia financially amid the

Bulgaria: President vetoes amendment requiring security agency approval for Lukoil asset sales Read More »

Bulgaria: President vetoes amendment requiring security agency approval for Lukoil asset sales

Bulgarian President Rumen Radev has vetoed a recently adopted amendment that would have required the State Agency for National Security (SANS) to approve any sale of Lukoil’s Bulgarian assets. The amendment, passed by Parliament on October 24, stipulated that the Council of Ministers could authorize such sales only after receiving a positive assessment from SANS.

Bulgaria secures €50.5 million financing for Bulgartransgaz to expand gas transmission network Read More »

Bulgaria secures €50.5 million financing for Bulgartransgaz to expand gas transmission network

The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays Read More »

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays

Montenegro’s state-owned power company EPCG has reported that the environmental reconstruction of the Pljevlja coal-fired thermal power plant has faced certain deficiencies and irregularities, which could potentially delay the project. EPCG noted that the project is highly complex in both scale and technical requirements and has been ongoing for several years. Over the past six

Scroll to Top