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Brod Oil Refinery Reports €41 Million Loss in 2025 Amid Rising Costs

The Brod oil refinery in Bosnia and Herzegovina has reported a significant financial downturn, closing the year 2025 with a deficit exceeding 41 million...

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MOL-NIS majority stake talks in Serbia unresolved as October deadline nears

A potential MOL acquisition of a majority stake in Serbia’s NIS remains unresolved as an October deadline approaches, even after a new US authorisation...

NIS US licence extension to 30 October supports Pančevo refinery output

Serbia’s NIS has received a further US licence extension that allows operations to continue through 30 October. The extension provides additional operating certainty for...

Romania extends 25% diesel excise reduction through 15 October

Romania has extended its 25% excise-duty reduction on standard diesel through 15 October. The measure is set to continue into October after being previously...

ESM launches third phase of €46 million upgrade for six North Macedonia hydropower plants

North Macedonia’s state-owned utility ESM has started the third phase of a programme worth roughly €46 million to modernise six large hydropower plants. The...

Greece raises diesel subsidy and extends fuel discounts for two-week period

Greece is increasing its diesel subsidy to €0.15 per litre for the next two weeks, adding €0.05 in support as elevated fuel costs affect...