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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, The European Investment Bank announced that it will provide a 40 million euros loan to Greek oil refiner Motor Oil

The European Investment Bank (EIB) announced that it will provide a 40 million euros loan to Greek oil refiner Motor Oil, which will be...

Bulgaria can take over Lukoil refinery in case of emergency

The Bulgarian Parliament adopted the amendments to the Act on administrative regulation of economic activities, related to crude oil and petroleum products. According to the...

Greece, ELPE recorded 26 % higher EBITDA in Q2 2021

Oil refiner Hellenic Petroleum (ELPE) said that its adjusted earnings before interest, taxes and asset depreciation (EBITDA) in the second quarter of 2021 has...

Greece, Due to preparations for signing a supply contract with Elpedison, ELPE is leaving PPC

Greek oil refiner Hellenic Petroleum (ELPE), is preparing to end electricity supply contract with state-controlled Public Power Corporation (PPC) and to establish a new...

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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...