Montenegro: Pljevlja coalmine reports increased losses in H1 2025 amid lower revenues

Pljevlja coalmine recorded a net loss of 4.5 million euros in the first half of 2025, worsening compared to a 3.8 million euros loss during the same period last year. Sales revenues declined by 13.7 percent to 19.6 million euros in the first six months of 2025, while operating expenses decreased by 10 percent to […]

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Montenegro: Jugopetrol reports €3.44 million profit in H1 2025 amid lower sales and spending

Montenegrin fuel retailer Jugopetrol posted a net profit of 3.44 million euros in the first half of 2025, significantly down from 27.8 million euros recorded in the same period last year. Despite the drop, this year’s figure represents a 23.7 percent increase compared to earlier annual trends, with the company having earned 7 million euros

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Hungary: KazMunayGas delivers first crude shipment, strengthens ties with MOL Group

Kazakhstan’s state-owned oil company KazMunayGas (KMG) has successfully delivered its first shipment of crude oil to Hungary, marking a significant milestone in its strategic energy cooperation with Hungary’s MOL Group. The initial cargo of 85,000 tons was transported by sea from the Russian port of Novorossiysk to Croatia’s Omisalj port aboard the vessel Alatau, operated

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Croatia: Professio Energia posts strong Q2 results on rising wind output

The Professio Energia group reported consolidated revenues of 15.57 million euros in the second quarter of 2025, while the parent company posted 2.16 million euros in non-consolidated sales. The performance was largely driven by electricity production from the Rudine, Danilo, and Mazin 2 wind farms, operated by VE Rudine, RP Global Danilo, and Liburana, respectively.

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Bosnia and Herzegovina: EPBiH posts €23.3 million loss in first half of 2025 despite revenue growth

Bosnia and Herzegovina’s state-owned power utility, EPBiH, reported a net loss of approximately 23.3 million euros in the first half of 2025, a deeper deficit compared to the 13.7 million euros loss recorded during the same period in 2024. During the first six months of 2025, the company generated total revenues of 381 million euros,

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Region: Serbia and Romania finalizing Djerdap 3 hydropower agreement, advancing energy cooperation

The Memorandum of Understanding for the development of the Djerdap 3 pump-storage hydropower plant is nearing completion and is expected to be signed once harmonization is finalized, according to Serbian Minister of Mining and Energy Dubravka Djedovic. This announcement followed her meeting with Romanian Energy Minister Ivan Bogdan, during which they discussed expanding joint energy

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Serbia: NIS launches tender for enhanced oil recovery pilot project at Velebit field

NIS has initiated a tender for the construction of a system to evaluate the feasibility of an enhanced oil recovery (EOR) method at the Velebit exploitation field in the municipality of Kanjiža. Velebit, Serbia’s largest oil deposit, was discovered in 1968, with production starting in 1985. The pilot project aims to increase output by injecting

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