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Greece: Motor Oil reports strong profit growth in H1 2024, driven by increased sales and refinery expansion

Greek oil refiner Motor Oil reported significant profit growth in the first half of 2024. The group's consolidated EBITDA rose by 19.35% to €638.7...

Greece: Motor Oil Group completes the acquisition of ANEMOS RES

The General Assembly of Motor Oil Group approved the acquisition of 25% of ANEMOS RES by Motor Oil Group’s subsidiary MORE. Following the completion...

Oil companies in Southeastern Europe accelerate renewable energy investments

INA, OMV Petrom, Motor Oil and MOL have all revealed progress in green energy investments and projects no more than a couple of days...

Greece, Motor Oil has completed the acquisition of renewable energy business of construction group Ellaktor

The Vardinogiannis Group, which controls oil refiner Motor Oil, has completed the acquisition of renewable energy business of construction group Ellaktor . Namely, a 75...

Greece, Motor Oil has recorded earnings before interest, taxes, depreciation and amortization in H1 2021

Greek oil refiner Motor Oil said that it has recorded earnings before interest, taxes, depreciation and amortization in the first half of 2021 in...

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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...