Montenegro’s state-owned motorway operator, Monteput, has announced that the local company Permonte submitted the most favorable bid in the tender for conducting a technical and economic study on the use of solar panels along the planned Bar-Boljare motorway. This motorway, which will stretch 169 kilometers, is designed to connect Montenegro’s southern Adriatic coast with its […]
Montenegrin fuel retailer Jugopetrol reported a net profit of 1.07 million euros in the first quarter of 2025, a significant increase compared to the approximately 83,000 euros profit recorded in the same period last year. The company’s net sales remained steady at around 47.5 million euros during the first three months of 2025, while operating
Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales Read More »
Montenegro’s electricity transmission system operator CGES posted a net profit of 7.7 million euros in the first quarter of 2025, nearly doubling the 3.9 million euros recorded in the same period last year. According to the company’s financial report, net sales in the first three months of 2025 reached 25.9 million euros, representing a 12.6
Montenegro: CGES doubles Q1 profit in 2025 on higher revenues and stable costs Read More »
Pljevlja Coalmine recorded a net profit of 6.3 million euros in the first quarter of 2025, marking a significant increase compared to the 3.7 million euros earned during the same period in 2024. According to the company’s financial report, sales revenues reached 18.7 million euros in the first three months of the year, up by
Montenegro: Pljevlja Coalmine posts strong Q1 2025 results with profit nearly doubling Read More »
In April 2025, the average electricity bill for households in Montenegro was 32.15 euros, reflecting a 16.5% decrease compared to the previous month (38.48 euros) and an 11.9% increase from April 2024 (28.73 euros). The lowest average bill was recorded in the municipality of Žabljak, at 20.4 euros, while the highest was in Tivat, where
Montenegro’s April 2025 electricity bills: Decrease from March, increase from last year Read More »
Electricity prices in Serbia and Montenegro remain among the lowest in Europe, according to the most recent Eurostat data. In the second half of the previous year, the average electricity cost for households in Serbia was 18.16 euros per 100 kWh, significantly below the European Union average of 28.49 euros. Montenegro reported similarly low prices,
Electricity and gas prices in Serbia and Montenegro among lowest in Europe Read More »
Montenegrin power utility EPCG has announced the results of its Solari 3000+/500+ and 5000+ solar projects, which ran from 1 April 2024 to 31 March 2025. The report reveals that consumers have collectively saved nearly 5 million euros during this period. A total of over 7,000 users have participated in the projects so far, with
Montenegro: EPCG reports €5 million benefit from solar energy projects Read More »
Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that
Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated
Montenegrin electricity distribution system operator, CEDIS, has earmarked more than 30 million euros for infrastructure investments in 2025, aiming to improve the country’s electricity distribution network and meet necessary supply standards. This year’s investment is approximately 6 million euros higher than the previous year, demonstrating the company’s growing ambitions and the increasing complexity of its
