companies

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year Read More »

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year

OMV Petrom, Romania’s leading oil and gas company, reported a 24% year-on-year drop in net profit for the first quarter of 2025, totaling €220.9 million. The decline follows a period of elevated earnings in prior years, which were buoyed by soaring energy prices triggered by the war in Ukraine. Despite the profit dip, the company […]

Bosnia and Herzegovina: Five-company consortium wins €8.3 million contract for TPP Gacko cooling tower reconstruction Read More »

Bosnia and Herzegovina: Five-company consortium wins €8.3 million contract for TPP Gacko cooling tower reconstruction

A consortium comprising four local firms and a recently established Hungarian company has secured an €8.3 million contract from RiTE Gacko, the coalmine and thermal power plant operator, for the reconstruction of its aging cooling tower. The winning group includes Bosnian companies Elnar, Projekt, GP Gradip, and Montig Energetika, alongside 3g Energy, a relatively unknown

Greece: MORE launches 43.2 MW wind farm as part of ambitious renewable energy expansion Read More »

Greece: MORE launches 43.2 MW wind farm as part of ambitious renewable energy expansion

Motor Oil Renewable Energy (MORE) has officially begun regular operations at a new 43.2 MW wind power plant located in northern Greece, near the border with North Macedonia. The facility, equipped with nine Nordex N-149 turbines, had previously entered its testing phase in late 2023. This project forms part of MORE’s larger strategy to significantly

Romania: OMV Petrom and CE Oltenia launch major solar projects to power 410,000 Romanian homes Read More »

Romania: OMV Petrom and CE Oltenia launch major solar projects to power 410,000 Romanian homes

Romania’s largest energy company, OMV Petrom, has signed contracts with the state-owned energy company CE Oltenia for the development of four large-scale solar parks with a total installed capacity of around 550 megawatts. These photovoltaic facilities will be constructed on CE Oltenia’s land in Gorj and Dolj counties and are expected to supply electricity to

Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit Read More »

Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit

INA Group reported a net profit of €35.4 million in the first quarter of 2025, reflecting a sharp 197% increase compared to the same period in 2024. The company’s net sales revenue rose by 14% year-on-year to €916.3 million, while clean CCS EBITDA (excluding special items) climbed 38% to reach €88 million. Capital investments for

North Macedonia: MEPSO relaunches tender for long-delayed 400 kV transmission line Read More »

North Macedonia: MEPSO relaunches tender for long-delayed 400 kV transmission line

North Macedonia’s electricity transmission system operator MEPSO has issued a new tender for the construction of a 400 kV transmission line that will connect the country with Albania. This follows the termination of a previous contract due to the contractor’s failure to meet agreed obligations. The new transmission line is set to begin in Bitola

Bulgaria: Bulgargaz proposes lower natural gas prices for April and December 2025 Read More »

Bulgaria: Bulgargaz proposes lower natural gas prices for April and December 2025

Bulgargaz, the state-owned gas supplier of Bulgaria, has announced a proposed reduction in wholesale natural gas prices for December 2025. For April, the proposed price stands at approximately €33.2 per megawatt-hour (MWh), reflecting a nearly 14% decrease compared to the previously approved April price of €38.3/MWh. This April rate itself was already 14.3% lower than

Scroll to Top