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Serbia plans coordination body to address potential US sanctions on NIS due to Russian ownership

The United States is considering imposing sanctions on Serbia’s oil and gas industry, specifically targeting NIS (Naftna Industrija Srbije), due to its significant Russian...

Hungary: MOL Group reports Q3 2024 profit decline

Hungarian oil and gas company MOL Group reported a profit before tax of 503 million dollars for the third quarter of 2024, marking a...

Romania: OMV Petrom reports nearly tripled profit in H1 2024

Romanian oil and gas company OMV Petrom, part of the Austrian OMV Group, achieved a net profit of 528 million euros in the first...

Romania: OMV Petrom closes acquisition of Renovatio Asset Management

Oil and gas company OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania,...

Romania: OMV Petrom to invest a record 1.6 billion euros in 2024

Romanian oil and gas company OMV Petrom announces the distribution of record basic dividends of approximately 2.6 billion lei (522 million euros) for the...

Hungary: MOL to pay 0.63 euros/share dividend 

Shareholders of oil and gas company MOL approved the payment of a dividend of around HUF 250 (0.63 euros) per share at an annual...

Latest news

SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...