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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

BHP moves to end options on eight Serbian exploration licences

BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.

Centerra proposes nearly C$4.1 million for 9.9% Mundoro stake

Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.

Northstone secures commitments for about EUR1.45 million Serbia placement

Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.

European Energy weighs up to 1 GW complex in Bulgaria

European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.

JANAF halts Croatian crude flows after estimated 500 cubic metre spill

Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.