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Bulgaria: Electricity generation reached 2.5 TWh in May

Electricity production in Bulgaria grew by an annual 1.8% in May to 2,563 GWh, but was 19.8% lower than in April, according to the data...

Slovenia: Petrol to propose 1.8 euro/share dividend

Slovenian energy group Petrol will propose the payment of a dividend of 1.80 euro per share on 2023 earnings, up from 0.70 euro paid...

Slovenia: Petrol turns to net profit of 136.6 million euros in 2023

Slovenian energy group Petrol posted a net profit of €137 million in 2023 after reporting a net loss in the previous year. Revenue declined...

Slovenia: Petrol expects 157-million-euro profit in 2024

Petrol's supervisory board approved the business plan for 2024, targeting a net profit of 156.5 million euros in 2024 and revenue of 5.8 billion...

Bulgaria: Burgas refinery could be closed

Lukoil Neftochim Burgas issued a announcement related to an agreement on revoking the derogation granted by the EU Council for the import and processing...

Romania, Plans to temporarily reduce the excise duty on fuels by 50 % were postponed

The plans to temporarily reduce the excise duty on fuels by 50 %, a measure that would have reduced the price by roughly 15...

Latest news

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...