Bulgaria: TPP Bobov Dol declares 2024 dividend amid profit decline Read More »
Bulgarian coal-fired power plant Bobov Dol will distribute a dividend of 0.051 euros per share for 2024, allocating around 444,000 euros from its net profit of just over 2 million euros. The remaining profit will be retained for future use. Dividend payments will begin on August 20 and continue over three months. This year’s payout […]
Slovenian energy company Petrol has announced a series of immediate measures in response to the government’s recent fuel price controls. CEO Saša Berger revealed that the company will suspend all development investments within Slovenia, freeze sponsorships and donations, and prepare to renegotiate contracts with suppliers. Additionally, Petrol plans to close several unprofitable petrol stations. Berger
Serbian oil company NIS has submitted a new request to the US Department of the Treasury for a special license to extend the postponement of full sanctions enforcement. This extension would allow NIS to continue its regular operations beyond June 27, when its current temporary license—granted on April 25—is set to expire. In March, NIS
Romania: Romgaz advances deep drilling at Caragele gas field to unlock new resources Read More »
In June, Romgaz began drilling operations for the 54 Damianca well in the Caragele gas field, aiming to reach a final depth of 5,100 meters. The project is focused on identifying previously untapped gas resources and analyzing geological formations located beyond 4,000 meters. According to the company, the drilling is progressing on schedule and without
OMV Petrom has finalized a major supply agreement with Astra Bioplant, a leading Bulgarian producer of biodiesel and a member of the Bulmarket group. The contract covers the purchase of pre-treated used cooking oil, a key raw material for the company’s future production of sustainable fuels. Set to begin in 2028, the agreement will run
Hungarian oil and gas company MOL is advancing the development of a major renewable energy project in Algyo, located in southern Hungary. The initiative involves the construction of a solar power plant with a capacity of 37.4 megawatts, paired with a battery storage system capable of storing 40 megawatt-hours of energy. The project is receiving
Slovenia: Distributors to invest over €150 million in smart grid modernization by 2026 Read More »
Slovenia’s five leading electricity distribution companies—Elektro Primorska, Elektro Ljubljana, Elektro Gorenjska, Elektro Celje, and Elektro Maribor—are set to invest more than €150 million by March 2026 to modernize the national electricity network and integrate smart grid technologies. These companies, which operate the country’s regional electricity infrastructure under the coordination of system operator ELES, plan to
Serbia eyes new long-term gas deal with Russia amid EU energy shift Read More »
Serbia is currently negotiating a new long-term natural gas agreement with Russia, aiming to secure what it claims will be the most favorable gas price in Europe. According to Dušan Bajatović, Director of the state-owned company Srbijagas, the upcoming contract with Gazprom is expected to take effect in September and could last either three or
Romania: Retele Electrice launches €26 million tender to upgrade power grid Read More »
Retele Electrice Romania, part of the PPC group, has launched a major public procurement process to acquire advanced equipment for modernizing the national electricity distribution network. The tender, valued at over €26 million (excluding VAT), focuses on purchasing 24 kV prefabricated equipment for secondary substations, supporting investment projects planned for 2025 and 2026. This initiative
Montenegro: Jugopetrol to pay €1.29 dividend per share from retained profits Read More »
Montenegrin fuel retailer Jugopetrol has announced it will distribute a gross dividend of €1.29 per share for this year, maintaining the same payout as the previous year. The decision was made despite the company choosing to retain its entire 2024 net profit of €7.14 million. Instead of using current-year earnings, Jugopetrol will fund the €6
