North Macedonian fuel retailer Makpetrol has announced a gross dividend of approximately 68.3 euros per share for 2024, marking an increase from the previous year. The decision was approved by shareholders and reflects the company’s improved financial results. The total dividend payout for 2024 will amount to around 6.91 million euros. In comparison, the gross […]
Rompetrol Rafinare, part of the KMG International Group, posted a consolidated net loss of $37.3 million in the first quarter of 2025, up from a $23.8 million loss during the same period in 2024. The worsening financial results were primarily driven by volatility in international crude oil and bio-component prices, combined with seasonal declines in
Slovenia: Petrol Group reports strong Q1 2025 results amid regulatory challenges Read More »
In the first quarter of 2025, Petrol Group posted sales revenues of 1.5 billion euros, marking a 4% increase compared to the same period last year. The group’s EBITDA rose by nearly a third to 67 million euros, while net profit more than doubled to 31 million euros. Petrol Group reported growth across all key
Montenegro: EPCG receives environmental approval for Krupac solar power plant project Read More »
Montenegro’s state-owned power utility, EPCG, has received approval for the environmental impact assessment (EIA) study for the construction of the Krupac solar power plant. The facility will be located on three sites along the shores of Lake Krupac near Nikšić, covering a total area of approximately 118 hectares. The project, estimated at around 28.2 million
Rosatom has announced its readiness to offer Serbia a range of nuclear power plant projects, including both small and large capacity options, according to Marija Deuric, director of the Russian state corporation’s office in Serbia. Speaking at the international scientific forum Energy Transition of the Western Balkans held in Belgrade, Deuric explained that Rosatom is
Croatia: JANAF boosts renewable energy portfolio with new Vodjinci solar power plant Read More »
The Croatian state-owned oil transportation company JANAF has successfully commissioned and connected its Vodjinci solar power plant to the national grid. With this new addition, JANAF now covers 86 percent of its electricity needs using its own renewable energy sources. The Vodjinci plant received its operational permit and was completed according to schedule. JANAF acquired
Slovenian gas company Geoplin and Algeria’s Sonatrach have extended their natural gas supply agreement by two years. The renewed contract was signed during Algerian President Abdelmadjid Tebboune’s visit to Slovenia. Geoplin, part of the Petrol group, stated that the extension ensures a stable gas supply for Slovenia in the coming years. The deal guarantees uninterrupted
Romanian electricity transmission system operator Transelectrica reported a net profit of approximately 32 million euros in the first quarter of 2025, marking a 52 percent increase compared to the same period last year. The segment related to activities generating allowed profit recorded a positive result of about 26 million euros in Q1 2025, up from
Hidroelectrica reported a net profit of about 119 million euros for the first quarter of 2025, which represents a significant decrease of 56 percent compared to the same period last year. Although the company exceeded budget forecasts in both operational and financial terms, the results were weaker than those recorded in the first quarter of
Montenegro’s state-owned motorway operator, Monteput, has announced that the local company Permonte submitted the most favorable bid in the tender for conducting a technical and economic study on the use of solar panels along the planned Bar-Boljare motorway. This motorway, which will stretch 169 kilometers, is designed to connect Montenegro’s southern Adriatic coast with its
