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Croatia to Implement Flexible VAT Mechanism for Fuel Amid Energy Market Volatility

The Croatian government is set to amend its tax regulations to introduce a flexible value-added tax (VAT) mechanism for petroleum products, aimed at addressing...

Serbia’s NIS Oil Company Secures OFAC Extension Amid Ownership Negotiations

The Serbian oil company NIS will maintain uninterrupted operations following a 60-day extension granted by the U.S. Office of Foreign Assets Control (OFAC). This...

Hungary to Maintain Fuel Price Caps Amid Government Transition

The newly elected Prime Minister of Hungary, Peter Magyar, has indicated that the country's fuel price controls will persist even as a new government...

Hungary’s Fuel Consumption Surges Over 11% in Early 2026

In the first quarter of 2026, Hungary experienced a significant rise in fuel consumption, with overall demand increasing by more than 11% compared to...

Dispute over JANAF pipeline capacity testing continues between Croatia and Slovnaft amid regional supply concerns

The operational capacity of the JANAF pipeline remains a contentious issue, as Slovnaft, a Slovak refinery operator, has reported that negotiations with Croatia's pipeline...

Romania to Restart Petrotel Refinery Following US Waiver

Romania is poised to enhance its domestic fuel supply as plans are set in motion to restart Lukoil’s Petrotel refinery. This decision follows the...
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