government Archives - Balancing Energy

Serbia: Government moves to resolve NIS ownership deadlock within three months

Serbian President Aleksandar Vučić announced that the Government has unanimously endorsed his proposal to give the Russian side 50 days to identify a new buyer for NIS. If no agreement is reached within that timeframe, Serbia plans to intervene, appoint its own management, and then offer Russia the highest price it can reasonably pay for […]

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Slovenia: Government reports progress on 28 MW Mokrice hydropower plant

The National Assembly expects the Government to accelerate development of the Mokrice hydropower plant and to submit progress reports every three months. The Government has now issued its formal response to the request made in May by the parliamentary Committee on Infrastructure, Environment and Spatial Planning, which called for faster implementation of the project and

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Bosnia and Herzegovina: RS Government offers 124 million euros to buy back Comsar Energy and Ugljevik concessions

The Government of the Republic of Srpska (RS) plans to offer 124 million euros to purchase Rashid Serdarov’s company, Comsar Energy RS. Energy and Mining Minister Petar Djokic said the cabinet had reviewed information from state energy firm Gas Res and authorized it to continue negotiations with the Russian company. An internationally certified auditor valued

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Bosnia and Herzegovina: RS Government urges urgent measures to address rising voltage in power grid

The Government of the Republic of Srpska (RS), at its latest session, reviewed the issue of rising voltage levels in the transmission network, warning that the problem could lead to serious disruptions in the electricity system, the economy, and households in RS and Bosnia and Herzegovina, as well as impact interconnected grids. The cabinet called

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Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine

The Montenegrin Government has granted a 24.5-year concession to the Pljevlja coalmine for the exploration and extraction of brown lignite at four sites in the Pljevlja municipality: Potrlica, Kalusici, Grevo, and Rabitlje. Under the agreement, the company will pay a fixed total fee of 64 million euros, divided into annual installments of 2.67 million euros

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Serbia: Government sets six-month price caps on euro diesel and premium petrol

The Serbian Government has introduced a regulation setting maximum retail prices for Euro diesel and Euro premium BMB 95 petrol. The regulation outlines the formula used to calculate these price caps and specifies the conditions for their application. The cap for both Euro diesel and BMB 95 petrol is determined by adding a fixed margin

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Croatia: Government ends biweekly fuel price cap, emphasizes market stability

After a long period of regulation, the Croatian Government has decided to allow its biweekly fuel price cap to expire. The measure, which set maximum retail prices for gasoline, diesel, blue diesel, and liquefied petroleum gas every two weeks, will no longer be renewed. Going forward, domestic fuel distributors will be free to set their

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Montenegro approves €50 million loan to fund electricity imports during Pljevlja power plant upgrade

The Montenegrin Government has approved a 50 million euro loan request from the state-owned power utility EPCG. The funds, obtained through a long-term loan from Erste Group Bank, will be used to finance electricity imports throughout 2025. This borrowing is necessary to offset the impact of the March 31 shutdown of the coal-fired Pljevlja thermal

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Romania: Government to introduce fiscal measures including VAT and fuel tax increases to reduce budget deficit

In the coming weeks, the Romanian Government plans to finalize a series of fiscal tightening measures aimed at reducing the budget deficit. Key components of the package include a 10% increase in fuel excise duties and a rise in the standard VAT rate from 19% to 21%, effective August 1. Additional measures under consideration include

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Slovenia: Government extends fuel price regulation for six months, introduces price caps on highway stations

The Slovenian Government has decided to extend its current fuel price regulation for an additional six months, while introducing new measures to ensure that fuel prices at highway service stations align with prices found elsewhere in the country. After considering several options for fuel pricing, officials opted to keep the existing system based on profit

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