Serbian state-owned gas company Srbijagas is currently in a dispute with Gas Promet from Pale, located in the Republic of Srpska (RS), over unresolved property and legal matters. The conflict arose after Srbijagas initiated legal proceedings against Gas Promet, which denies owing a debt of 1.5 million euros and refuses to record it in its […]
Serbia: Transportgas achieves certification as independent transmission system operator Read More »
The certification of Transportgas as an independent transmission system operator has been successfully completed, with the Energy Community confirming the achievement. This milestone was a central topic of discussion during a meeting between Serbia’s Minister of Mining and Energy, Dubravka Djedovic, and the newly appointed director, Zoran Jovcic. This certification, granted by the Energy Agency,
Serbia hires BlackSummit capital for lobbying amid US sanctions on NIS Read More »
In response to US sanctions targeting its energy sector, particularly the oil company NIS, the Serbian Government has enlisted the lobbying services of BlackSummit Capital. The firm’s role is to assist Serbia in navigating the sanctions imposed on NIS, which is partly owned by the Russian company GazpromNeft. A document from the US Department of
Serbia: Fortis Energy to develop 144 MW Juhor wind farm, expands renewable projects Read More »
Turkish renewable energy company Fortis Energy has announced plans to install 20 wind turbines, each with a capacity of 7.2 MW, as part of its 144 MW Juhor wind farm project in central Serbia. Currently in the regulatory and technical planning phase, the Juhor wind farm is expected to generate over 425 GWh of electricity
Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »
Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the
Montenegro: Alcazar Energy submits EIA for 119 MW Bijela wind farm Read More »
The Montenegrin Environmental Protection Agency (EPA) has announced that Vjetro Park Bijela, a subsidiary of Luxembourg-based renewables developer Alcazar Energy, has submitted a request for approval of an environmental impact assessment (EIA) for its 119 MW Bijela wind farm. The EIA covers the planned wind farm development in the northern municipality of Savnik, which will
Montenegro: Jugopetrol maintains steady profit in 2024 despite slight asset decline Read More »
Montenegrin fuel retailer Jugopetrol posted a net profit of 7 million euros in 2024, maintaining a similar performance as the previous year. The company’s net sales grew by 1.1%, reaching 255.5 million euros, while its operating expenditures increased by 0.7%, totaling 243 million euros. At the close of 2024, Jugopetrol’s total assets stood at 126.8
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
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
Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were
