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BiH: RiTE Gacko recorded 18 times lower profit in 2023

RiTE Gacko recorded a net profit of 290,000 euros in 2023, which is 18 times lower compared to a profit of more than 5...

Energy Costs for Manufacturing in Energy-Intensive Industries: A Competitive Factor for Nearshoring to Serbia

The manufacturing sector, especially energy-intensive industries, constantly seeks ways to optimize operating costs for sustained viability and competitiveness. One crucial determinant of manufacturing cost...

Hungary: European Commission approved 1 billion euros support scheme for companies

The European Commission announced that it has approved 1 billion euros scheme by the Hungarian Government to support companies facing increasing energy costs. The...

Greece: Industrial energy costs reduction planned

Greek Ministry of Energy and Environment is planning to secure low electricity costs for energy-intensive industries without burdening Public Power Corporation (PPC). The objective...

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Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation...

TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...