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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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SEE power prices rise as narrower German spread offers little relief to buyers

Electricity prices across southeast Europe rose during 26 October–1 November, increasing procurement costs for Serbian and Montenegrin buyers even as the region’s premium over...

SEE power prices surge as Monday demand returns, Hungary-Germany spread widens

Southeast European day-ahead electricity prices rose sharply for Monday delivery on 2 November, with Bulgaria, Greece, Hungary and Romania all trading above €309/MWh as...

NIS Secures US Operating Licence in Serbia Through 11 December

Serbia’s oil company NIS has received a temporary US Treasury licence to continue operating under the existing sanctions regime through 11 December. The authorisation...

Delgaz Grid completes €4.7 million Vicov upgrade in Romania

Romanian distributor Delgaz Grid has completed a €4.7 million upgrade of the Vicov 110/20 kV substation in Suceava county. The project is expected to...

Nuclearelectrica shareholders approve €800 million in EIB loans

Shareholders of Nuclearelectrica have approved €800 million in European Investment Bank financing for the refurbishment of Unit 1 at Romania’s Cernavoda nuclear power plant....