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Croatia to Implement Flexible VAT Mechanism for Fuel Amid Energy Market Volatility

The Croatian government is set to amend its tax regulations to introduce a flexible value-added tax (VAT) mechanism for petroleum products, aimed at addressing...

Croatia, Government to extend 5 % VAT rate on natural gas

At the latest Government session, Croatian Prime Minister Andrej Plenkovic announced changes to the Value Added Tax (VAT) Act that will maintain the lower...

Romania, Hidroelectrica launched a revitalization program for HPP Đerdap 2

The largest producer of electricity in Romania, the state-owned company Hidroelectrica, approved the start of new investment projects for the revitalization of hydropower plants...

North Macedonia, ESM bought 40.6 GWh for 16.3 million euros for delivery in December

Macedonia's state electricity supplier, ESM Prodaja, says it bought 40,600 MWh for delivery in December. According to the order of the government in Skopje,...

Montenegro, Country to abolish VAT on solar panels

Montenegro could follow the example of Croatia and abolish the VAT on solar panels, as the Governments in the region increasingly acknowledge the importance...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...