serbia

Serbia’s renewable surge: How the country is quietly becoming a regional green-power leader

For years, Serbia’s energy landscape appeared frozen in time. Coal dominated generation, hydropower provided stability, and the idea of large-scale renewable deployment felt distant. Political caution, regulatory hesitation and infrastructural bottlenecks slowed momentum. Yet beneath the surface, a transformation was quietly gathering force. Over the past five years, Serbia has entered a phase that would […]

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Serbia warns Pancevo refinery will shut down without new U.S. license

Serbian President Aleksandar Vučić announced that the Pančevo refinery, operated by oil company NIS, will be forced to halt operations on 2 December unless the United States grants a license allowing the company to continue working under the existing sanctions framework. President Vučić warned that, without this authorization, Serbia will need to secure alternative channels

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Hungary considers expanding energy footprint from Russia to Serbia’s NIS

During a meeting in Moscow between Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán, the two leaders discussed the possibility of Hungary acquiring stakes in Russian oil companies impacted by the latest round of US sanctions. Russian Deputy Prime Minister Alexander Novak emphasized that Hungary has been a longstanding and reliable energy partner

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From contractor to kingmaker: Is MOL preparing to shape the fate of Serbia’s energy monopoly?

For more than a decade, Serbia’s power sector has been defined by stagnation, delayed modernisation, and the slow unraveling of a once-dominant state monopoly. Elektroprivreda Srbije (EPS), the country’s vertically integrated electric-power utility, remains one of the largest state-owned enterprises in Southeast Europe—responsible for the country’s generation, distribution, mining and critical infrastructure stability. But it

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MOL’s potential takeover of NIS: What merger rules mean for Serbia’s oil market

Although the chief of staff to Hungarian Prime Minister Viktor Orbán stated that negotiations between MOL and the majority owner of Serbia’s oil company NIS are still in their early stages, the transaction increasingly appears likely. The impression is strengthened by Orbán’s recent meeting with Russian President Vladimir Putin — and by the Hungarian leader’s

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Serbia: EMS launches €50 million Belgrade 50 substation project under BeoGrid 2025 expansion plan

Serbia’s electricity transmission operator EMS has signed a contract with a consortium of construction firms to build the new 400/110 kV Belgrade 50 substation in Ugrinovci. The project, worth around 50 million euros, is scheduled for completion in 2027. The substation will feature complete 400 kV and 110 kV switchyard systems, a 400/110 kV transformer

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Serbia: EPS begins trial production at newly completed 66 MW Kostolac wind farm

State-owned power utility EPS has confirmed that construction of the Kostolac wind farm has been completed and that the facility has started generating its first megawatt-hours. After receiving approval for grid connection, the first turbine was energized, initiating the project’s trial operation phase. EPS management emphasized that this milestone marks the company’s formal entry into

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Serbia moves to secure legal path for takeover of NIS amid sanctions crisis

Parliament Speaker Ana Brnabić announced that the Government will introduce an amendment to the 2026 draft budget that would allow Serbia to assume ownership of the oil company NIS, currently majority-owned by Russia’s Gazprom. Brnabić explained that the amendment follows discussions President Aleksandar Vučić held with several political parties and is intended to establish a

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Hungary: Foreign Minister offers support as Serbia faces oil supply crisis

Hungarian Foreign Minister Peter Szijjártó arrived in Belgrade to discuss how Hungary can help Serbia after the suspension of crude oil deliveries from Croatia. His visit comes amid growing concerns in Serbia, following President Aleksandar Vučić’s warning that the NIS refinery in Pančevo could halt operations within days unless US sanctions are lifted, potentially disrupting

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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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