companies

Bulgaria: Uni Energy seeks approval to acquire NIS Petrol Bulgaria

The Bulgarian Commission on Protection of Competition has received a notification from local company Uni Energy requesting approval to acquire NIS Petrol Bulgaria. Uni Energy is a Bulgarian fuel retailer owned by Ivaylo Konstantinov. The company collaborates with the Swiss group Avia International and TTN Commerce through Avia Bulgaria. By the end of 2024, Uni […]

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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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Serbia: Srbijagas director highlights ongoing US sanctions delays, stable operations at NIS

Dušan Bajatović, general director of the state-owned gas company Srbijagas and a member of the government team addressing US sanctions related to Serbian oil company NIS, stated that the recent postponement of full US sanctions implementation has allowed NIS to continue operating without disruption. Bajatović emphasized that a lasting resolution will require an agreement acceptable

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Serbia: NIS Group maintains market stability despite loss in H1 2025

In the face of a challenging macroeconomic environment during the first half of 2025, the NIS Group remained committed to maintaining market stability, ensuring a steady supply of all fuel types, and protecting the social welfare of its employees. These strategic priorities were successfully upheld despite a complex operating environment. The company’s financial and operational

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Serbia: US Treasury extends sanctions delay on NIS for fifth time

The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently not possible. She attributed the decision to the broader geopolitical situation and complex negotiations among

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Romania: OMV Petrom and Romgaz invest €750 million in Neptun Deep offshore gas project to boost energy independence

OMV Petrom and the state-owned company Romgaz have announced a €750 million infrastructure investment for the Neptun Deep offshore gas project in the Black Sea, following the issuance of an establishment authorization by Romania’s National Energy Regulatory Authority (ANRE). This funding will cover all essential foundational work required to bring the offshore field into production.

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Croatia: HROTE, ENNA and CROPEX to hold new green energy GO auctions on 29 July 2025

HROTE, ENNA and CROPEX have announced new auctions for guarantees of origin (GOs), scheduled to take place on 29 July 2025. The auctions will offer GOs from wind, solar, and biogas sources. HROTE plans to sell a total of 201,741 guarantees of origin for electricity generated under the incentive system during the second quarter of

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Romania: Hidroelectrica partners with Waldevar Energy to build EU’s largest floating solar power plant

Romanian electricity producer Hidroelectrica has signed a 7.8 million euro contract with Waldevar Energy for the installation of a floating solar power plant at the Nufarul reservoir in Olt County. The project follows a 14-month timeline, starting with a four-month design phase and followed by ten months of construction. The pilot plant will use high-efficiency

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Croatia: INA brings Jamarice-183 gas well online ahead of schedule, boosting domestic production

Croatian oil company INA has commenced production at its Jamarice-183 well, located in the Jamarice exploitation field around 100 kilometers southeast of Zagreb. Since mid-July, the well has been producing approximately 33,500 cubic meters of natural gas per day, representing a notable boost to INA’s upstream operations. Drilled in 2022 to a depth of 2,079

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