Montenegro remained a net electricity importer on November 6, with a net import position of around 232 MW, while scheduling exports to Albania, Kosovo and Serbia. BELEN prices settled above Hungary’s and Italy’s national prices.
BESS Sibenik, a 60 MW / 120 MWh standalone battery in Croatia, has been commissioned, with HOPS contracting its full capacity for aFRR services since September. The project cost approximately 60 million euros and is designed to earn market-based revenue from storage and ancillary services.
North Macedonia’s day-ahead market traded 186,900 MWh in October, while its average market-clearing price rose 49.3% from September to EUR 224.74/MWh. Tighter regional conditions lifted wholesale power costs across Southeast Europe.
OKTA’s net profit rose to 34.1 million euros in the first nine months of 2026 from 7.3 million euros a year earlier, while revenue increased 105% to 953 million euros. Expenses also climbed, rising 101% to approximately 891 million euros.
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Rompetrol Rafinare has successfully concluded the mechanical phase of its extensive maintenance program at the Petromidia Năvodari and Vega Ploiești refineries. This significant achievement...
Rompetrol Rafinare has completed another stage in the modernization and rehabilitation of the tank farm at its Petromidia refinery. This phase included the full...
Rompetrol Rafinare reported strong operational and financial performance in the first half of 2025, driven by higher feedstock processing and increased fuel sales both...
Rompetrol Rafinare, part of the KMG International Group, is enhancing operational efficiency at the Petromidia refinery with a $4 million investment. The company has...
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 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 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 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.
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.