serbia

Serbia’s energy transition reality check: Ambition, infrastructure and the uncomfortable truth between narratives and what actually exists Read More »

Serbia’s energy transition reality check: Ambition, infrastructure and the uncomfortable truth between narratives and what actually exists

In public debate, “energy transition” is often presented as inevitability wrapped in optimism: cleaner power, modern technologies, new industry opportunities, cheaper renewables, and a supposedly straightforward path from coal and dependency toward sustainability and independence. But in Serbia — and much of South-East Europe — transition is not a slogan, not a trend, and certainly […]

Energy is geopolitics: How electricity, oil and gas shape Serbia’s position between East, West and its own economic reality Read More »

Energy is geopolitics: How electricity, oil and gas shape Serbia’s position between East, West and its own economic reality

In South-East Europe, energy policy has never truly been about kilowatt-hours, barrels or cubic meters alone. It has always been about alignment, leverage, identity, security, credibility and survival. In 2025, that truth is clearer than ever. Serbia stands at the center of a shifting regional energy order, not by choice, but by geography and necessity.

The true price of gas security: Serbia’s reality of contracts, subsidies, storage and structural risk in 2025 Read More »

The true price of gas security: Serbia’s reality of contracts, subsidies, storage and structural risk in 2025

Natural gas in Serbia is not simply a fuel. It is urban stability in winter, an invisible lifeline for industry, a quiet anchor of political calm, and a permanent financial commitment wrapped in contracts, infrastructure and risk. In 2025, the conversation about gas is not about whether Serbia has supply. It does. The real question

From TurkStream to interconnectors: Serbia’s gas map in 2025 — a financial and strategic infrastructure reality check for investors Read More »

From TurkStream to interconnectors: Serbia’s gas map in 2025 — a financial and strategic infrastructure reality check for investors

Natural gas is the most silent yet economically decisive energy infrastructure that Serbia operates. It is not debated with the emotional noise that surrounds electricity, nor with the geopolitical drama that often accompanies oil. But if gas fails, entire systems fail with it — heating systems, industrial production lines, municipal stability, fiscal balance, and political

Can Serbia ever be a ‘permanent power exporter’ again — or has the market already answered that question? Read More »

Can Serbia ever be a ‘permanent power exporter’ again — or has the market already answered that question?

For nearly two decades, Serbia carried a self-image that shaped politics, strategy and public psychology: the idea that it was a structurally self-sufficient electricity country, often even a net exporter, supposedly shielded from the fragility, price shocks and insecurity faced by others. This belief was not invented; it reflected a period when lignite production was

How Balkan electricity markets are quietly integrating Serbia into Europe’s energy system — the financial truth investors must understand Read More »

How Balkan electricity markets are quietly integrating Serbia into Europe’s energy system — the financial truth investors must understand

Integration does not always arrive with declarations, treaties or ceremonial signatures. Sometimes it arrives silently, through price synchronization, liquidity convergence, infrastructure alignment, balance sheets and trading desks. That is exactly what is happening to Serbia in 2025. While politics still speaks in the language of sovereignty, neutrality, independence and national systems, the financial and operational

Winners and losers of Serbia’s 2025 electricity market — who actually benefits when volatility becomes the business model Read More »

Winners and losers of Serbia’s 2025 electricity market — who actually benefits when volatility becomes the business model

Serbia’s electricity sector in 2025 is no longer an engineering monopoly environment where outcomes are predetermined by state planning and fixed price models. It has evolved into a competitive financial ecosystem where winners and losers emerge not according to ideology, but according to balance sheet strength, trading competence, risk appetite and capacity to navigate volatility.

Drought, coal, wind and reality: What actually drives Serbia’s power balance in 2025 — and what investors should truly understand Read More »

Drought, coal, wind and reality: What actually drives Serbia’s power balance in 2025 — and what investors should truly understand

For investors studying Serbia’s power market in 2025, numbers alone never tell the full story. Installed capacity figures, annual production projections, and formal energy-balance plans may suggest a structurally healthy system: roughly 9 GW installed, around 38.5 TWh of electricity projected to be produced, imports and exports close enough to appear balanced, and a state

The year Serbia learned to trade power like a market economy – and what it really means for investors, EPS, and the regional electricity map Read More »

The year Serbia learned to trade power like a market economy – and what it really means for investors, EPS, and the regional electricity map

Serbia’s electricity sector in 2025 is no longer a simple utility story. It has become a trading story, a margin story, a volatility story, and ultimately a capital allocation story. This is the year when Serbia stopped pretending that electricity is merely a domestic public service shielded from international dynamics and fully entered the economic

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