Serbia: NIS to sell Bulgarian subsidiary amid market challenges Read More »
Serbian oil and gas company NIS has announced that its board of directors has approved the sale of its wholly owned subsidiary, NIS Petrol Bulgaria, due to ongoing operational challenges in the Bulgarian market. According to the company’s H1 2025 financial report, the planned transaction involves the full divestment of its stake in the subsidiary. […]
Serbia: Djerdap 1 hydropower plant operating at reduced capacity due to low water levels Read More »
The Djerdap 1 hydropower plant is currently operating under limited water supply, which has significantly reduced its electricity production. This month, generation has averaged about 57% of both its installed capacity and the planned production target. Additionally, unit 6 of the plant is undergoing a major overhaul. Ongoing drought conditions and unusually low water levels
Serbia: NIS Group maintains market stability despite loss in H1 2025 Read More »
In the face of a challenging macroeconomic environment during the first half of 2025, the NIS Group remained committed to maintaining market stability, ensuring a steady supply of all fuel types, and protecting the social welfare of its employees. These strategic priorities were successfully upheld despite a complex operating environment. The company’s financial and operational
The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected to begin soon, as existing agreements run through 2026 with an annual cap of 400
Serbia: US Treasury extends sanctions delay on NIS for fifth time Read More »
The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently not possible. She attributed the decision to the broader geopolitical situation and complex negotiations among
The Serbian Government has expressed interest in taking over the Plandište wind power project, currently jointly owned by Serbian oil company NIS and Swiss-based MET Renewables. The news surfaced after a recent NIS Board of Directors meeting, during which board members acknowledged the state’s readiness to collaborate with MET Renewables to complete the development. The
Serbia: Public consultation launched for largest wind farm project Read More »
The Provincial Secretariat for Urban Planning and Environmental Protection has initiated a public consultation on the draft spatial plan for the Samos wind farm, which will span the municipalities of Alibunar and Kovacica. The consultation period will remain open until 20 August. Once completed, the Samos wind farm will consist of 142 turbines with a
The Ministry of Construction, Transport and Infrastructure has once again denied the usage permit for the wet electrostatic filter at the new unit B3 of TPP Kostolac, marking the fourth unsuccessful attempt by EPS to secure approval. Despite a legal requirement under the Planning and Construction Act that prohibits putting a facility into operation without
Serbia: Government sets six-month price caps on euro diesel and premium petrol Read More »
The Serbian Government has introduced a regulation setting maximum retail prices for Euro diesel and Euro premium BMB 95 petrol. The regulation outlines the formula used to calculate these price caps and specifies the conditions for their application. The cap for both Euro diesel and BMB 95 petrol is determined by adding a fixed margin
The state-owned company Resavica has officially submitted a request to the Ministry of Environmental Protection for approval to conduct an Environmental Impact Assessment (EIA) related to the expansion of coal mining activities in the eastern and western parts of the Stavalj deposit. Located on the Pešter plateau, the brown coal mine has a history dating
