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Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast

The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent...

Romania: JT Grup Oil gets Bucharest Exchange permit to list its shares after IPO

Romanian independent petroleum products distribution firm JT Grup Oil confirmed the initial public offering of 10 million new shares with a face value of...

Romania: Fondul Proprietatea sells its Engie stake

Romanian property restitution fund Fondul Proprietatea sold its 11.99% stake in energy distributor Engie Romania to the majority shareholder, GDF International, for 432.6 million...

Romania: FP gets 87 million euro bid for Engie’s shares

Romanian property fund Fondul Proprietatea has received a binding offer from GDF International for the sale of its 11.99% stake in electricity distributor Engie...

Romania: Hidroelectrica’s profit reached 1.05 billion euros in first nine months

The net profit of the Romanian company Hidroelectrica (BVB: H2O), the largest electricity producer in Romania, increased by 42% in the first nine months...

SEE region: PPC’s strategy after the acquisition of Enel Romania

One of the biggest transactions in the last decades, the acquisition of Enel Romania by Public Power Corporation, is to be completed soon. Following the...

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...