companies

Ecomondo 2025: Key opportunities for companies and entrepreneurs seeking strategic partnerships and market expansion

The 2025 edition of Ecomondo in Rimini reaffirmed its role as a central European hub for business development, new partnerships and cross-industry networking in the fields of circular economy, environmental technologies, waste management and green innovation. For entrepreneurs, start-ups and companies aiming to grow their business or enter international markets, the event provides a unique […]

Ecomondo 2025: Key opportunities for companies and entrepreneurs seeking strategic partnerships and market expansion Read More »

Hungary: MOL CEO says Danube refinery fire caused by technical failure, not sabotage

MOL Group CEO Zsolt Hernadi has dismissed claims that the recent fire at the company’s Danube refinery in Százhalombatta was the result of sabotage or politically motivated interference, stating that the incident was caused solely by a technical malfunction. The fire, which occurred on 20 October, originated within the refinery’s interconnected processing units and was

Hungary: MOL CEO says Danube refinery fire caused by technical failure, not sabotage Read More »

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition

Swiss commodities trader Gunvor has withdrawn its proposal to acquire the foreign assets of Russian oil giant Lukoil, following strong opposition from the U.S. Treasury, which labeled the company a “Kremlin puppet.” The move ends what would have been Gunvor’s largest acquisition to date and highlights Washington’s continued push to isolate Russia financially amid the

Region: Swiss trader Gunvor withdraws bid for Lukoil assets after U.S. opposition Read More »

Bulgaria: President vetoes amendment requiring security agency approval for Lukoil asset sales

Bulgarian President Rumen Radev has vetoed a recently adopted amendment that would have required the State Agency for National Security (SANS) to approve any sale of Lukoil’s Bulgarian assets. The amendment, passed by Parliament on October 24, stipulated that the Council of Ministers could authorize such sales only after receiving a positive assessment from SANS.

Bulgaria: President vetoes amendment requiring security agency approval for Lukoil asset sales Read More »

Bulgaria secures €50.5 million financing for Bulgartransgaz to expand gas transmission network

The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators

Bulgaria secures €50.5 million financing for Bulgartransgaz to expand gas transmission network Read More »

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays

Montenegro’s state-owned power company EPCG has reported that the environmental reconstruction of the Pljevlja coal-fired thermal power plant has faced certain deficiencies and irregularities, which could potentially delay the project. EPCG noted that the project is highly complex in both scale and technical requirements and has been ongoing for several years. Over the past six

Montenegro: EPCG reports setbacks in Pljevlja Thermal Power Plant reconstruction, projects measures to avoid delays Read More »

Region: MOL warns JANAF pipeline fails to prove reliable capacity for supplying Hungary and Slovakia

Last week, Hungarian oil company MOL and Croatian state-owned transporter JANAF conducted joint tests on the JANAF pipeline, but results did not confirm that the system can sustain long-term crude oil flows to Hungary and Slovakia. According to MOL, the pipeline was only able to operate at the required capacity for short periods of one

Region: MOL warns JANAF pipeline fails to prove reliable capacity for supplying Hungary and Slovakia Read More »

Serbia: US extends sanctions deadline for NIS until late September

The US Department of the Treasury has once again delayed the enforcement of sanctions on Serbian oil company NIS, marking the sixth extension of the deadline. According to the Serbian Government, the new date for the possible implementation is set for 26 September. Officials emphasized that despite ongoing geopolitical challenges, NIS continues to ensure stable

Serbia: US extends sanctions deadline for NIS until late September Read More »

Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans

MOL Group CEO Zsolt Hernadi has questioned the course of European Union energy policy, arguing that the company’s strong performance is rooted in its refining capacity, logistics network, and retail presence rather than any dependence on Russian crude oil. Hernadi criticized the European Commission’s goal of ending Russian natural gas imports by 2027, calling the

Hungary: MOL CEO criticizes EU energy policy, warns against overreliance on LNG plans Read More »

Montenegro: EPCG to relaunch SHPP Otilovici tender in August, pushing back commissioning timeline

Montenegrin state-owned power company EPCG is set to launch a new tender in August for the small hydropower plant (SHPP) Otilovici, two years into a procurement process that has been canceled twice. Along with the new call, EPCG is considering involving international financial institutions as funding partners to ensure a bankable project. If the procedure

Montenegro: EPCG to relaunch SHPP Otilovici tender in August, pushing back commissioning timeline Read More »

Scroll to Top