Bulgaria walks a tightrope: Sanctions, diplomacy and the uncertain future of Lukoil

Prime Minister Rosen Zhelyazkov stated that the long-term outlook of the Lukoil Group in Bulgaria will largely depend on the broader diplomatic dialogue between Washington and Moscow. He emphasized that the company’s future is closely tied to efforts to end the war in Ukraine and achieve a durable peace agreement. Addressing questions on whether the […]

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Bulgaria: September energy output falls as fuel production shows mixed trends

According to data from the Bulgarian National Statistical Institute, electricity production in September 2025 fell by 6.9 % compared to August, reaching 2,936 GWh. Electricity consumption also declined on a monthly basis, dropping by 7.1 % to 2,378 GWh. Consumption of natural gas recorded a strong monthly increase of 15.5 %, amounting to 179 million

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From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly?

For more than a decade, Serbia’s power sector has been defined by stagnation, delayed modernisation, and the slow unraveling of a once-dominant state monopoly. Elektroprivreda Srbije (EPS), the country’s vertically integrated electric-power utility, remains one of the largest state-owned enterprises in Southeast Europe—responsible for the country’s generation, distribution, mining and critical infrastructure stability. But it

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MOL’s potential takeover of NIS: What merger rules mean for Serbia’s oil market

Although the chief of staff to Hungarian Prime Minister Viktor Orbán stated that negotiations between MOL and the majority owner of Serbia’s oil company NIS are still in their early stages, the transaction increasingly appears likely. The impression is strengthened by Orbán’s recent meeting with Russian President Vladimir Putin — and by the Hungarian leader’s

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Region: Hungary confirms early talks on potential MOL stake in Serbia’s NIS amid push to reduce Russian ownership

Hungarian officials have confirmed that exploratory talks are underway on the possibility of oil and gas company MOL acquiring a stake in Serbia’s national oil company NIS. The information was disclosed by Gergely Gulyás, chief of staff to Hungarian Prime Minister Viktor Orbán, who stressed that discussions are still in an early phase. Gulyás noted

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Serbia: EMS launches €50 million Belgrade 50 substation project under BeoGrid 2025 expansion plan

Serbia’s electricity transmission operator EMS has signed a contract with a consortium of construction firms to build the new 400/110 kV Belgrade 50 substation in Ugrinovci. The project, worth around 50 million euros, is scheduled for completion in 2027. The substation will feature complete 400 kV and 110 kV switchyard systems, a 400/110 kV transformer

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Serbia: EPS begins trial production at newly completed 66 MW Kostolac wind farm

State-owned power utility EPS has confirmed that construction of the Kostolac wind farm has been completed and that the facility has started generating its first megawatt-hours. After receiving approval for grid connection, the first turbine was energized, initiating the project’s trial operation phase. EPS management emphasized that this milestone marks the company’s formal entry into

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Croatian businesses warn of competitiveness crisis as electricity prices rise 120% in six years

At a regional economic forum this week, speakers cautioned that Croatia’s current electricity pricing system has created a structural imbalance: households continue to enjoy relatively low electricity prices, while businesses face significantly higher costs. This disparity, they warned, is eroding the competitiveness of domestic industry and limiting its ability to invest. Over the past six

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Croatia to abolish LNG transmission discount as HERA prepares new gas tariff reform

Croatia is preparing to revise its gas transmission tariffs for the first time in four years. In accordance with the rules of the national energy regulator HERA, the state-owned transmission system operator Plinacro will be required to apply the updated fee structure to gas distributors and traders. HERA has released its proposed methodology for determining

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Bosnia and Herzegovina: Ugljevik shuts down over coal shortage, Gacko offline after storm damage

Thermal power plant Ugljevik was forced to halt operations this morning due to a shortage of coal, the plant’s union president Boban Benović confirmed. He explained that severe weather had disrupted coal deliveries, leaving the facility without sufficient fuel to continue production. At this stage, there is still no clear estimate of when Ugljevik might

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