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Croatia: JANAF reports strong financial results, expands into renewable energy

Croatian state-owned oil transportation company JANAF, the operator of the country’s key oil pipeline, recorded total revenues exceeding €136 million in 2024. Under its current...

Montenegro: CGES recorded profit of 35.7 million euros

Montenegro’s Electric Transmission System (CGES) achieved an unprecedented profit of €35.7 million last year, as announced by Aleksandar Mijušković, the Chairman of the Board...

Serbia: NIS recorded a profit of 358 million euros

Forbes Serbia reports that the Oil Industry of Serbia (NIS) saw a significant decline in profits in 2023, halving compared to the previous year. Their earnings...

Montenegro: Coal mine Pljevlja recorded 15 million euros profit in 2023

Montenegrin coal mine Pljevlja recorded a net profit of 15.2 million euros in 2023, which is significantly higher compared to 9.4 million euros profit...

Serbia: EPS swings to a net profit of nearly one billion euros in 2023

After two consecutive years of losses, Elektroprivreda Srbije (EPS)marked a significant turnaround in 2023, reporting a profit of one billion euros. The achievement was...

Serbia: EPS swings to a net profit of nearly one billion euros in 2023

After two consecutive years of losses, Elektroprivreda Srbije (EPS)marked a significant turnaround in 2023, reporting a profit of one billion euros. The achievement was...

Latest news

SEE power markets remain exposed to gas supply risks ahead of winter

Southeast European power markets entered the final part of September with lower electricity demand and sharply reduced gas-fired generation, while exposure to gas supply...

Italy and Croatia see higher LNG inflows as Greek receipts decline

LNG inflows increased in Italy and Croatia during the week to 20 September, adding to imported gas availability as European markets prepared for the...

Croatia’s renewable output plunges as hydro gains fail to offset rising power imports

Croatia recorded a 54.3% decline in variable renewable generation in the week to 20 September, marking one of the steepest drops in the region,...

SEE wind and solar output falls faster than electricity demand

Southeast Europe’s variable renewable electricity generation declined faster than power demand in the week ending 20 September, limiting the downward pressure on electricity prices...

SEE gas-fired power generation drops 13.6% as coal output edges higher

Gas-fired electricity generation across the Southeast European markets covered fell 13.60% in the week ending 20 September, declining at more than twice the rate...