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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

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...