The NIS Group reported a net loss of approximately €2.5 million for the first nine months of 2025, with earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching around €180 million. The company attributed its performance to the implementation of cost-saving measures across all business segments and its ability to adapt to changing market conditions. […]
Across Serbia, a new wave of industrial development is underway — from large-scale energy facilities and transformer substations to metallurgy complexes, logistics hubs, process plants, and high-voltage infrastructure. These projects are capital-intensive, long-lifecycle assets that attract foreign investment, EPC contractors, and lender scrutiny. Yet their most significant risks today are not limited to engineering, cost
ESG risk mitigation in heavy-industry construction and commissioning in Serbia Read More »
Serbia’s renewable-energy sector stands on the threshold of major transformation. The country’s geography, resources, and strategic location in the Western Balkans provide vast potential for wind, solar, and hydro development. Yet that potential remains constrained by an enduring challenge — regulatory complexity. Turning ambitious energy goals into operational projects depends not only on laws and
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According to diplomatic sources quoted by Serbian media, the United States sees only two possible solutions to the issue surrounding Serbian oil company NIS, which remains under U.S. sanctions because of its Russian ownership. The first option would involve selling the Russian-held shares to a company with no ties to Russia, while the second would
The Čibuk 2 wind farm, located in the municipality of Kovin in southern Banat, officially began trial operation on 21 October. So far, 35 MW of installed capacity has been connected to Serbia’s national electricity grid. The installation of all turbines is expected to be completed by mid-November, with the full 154 MW facility scheduled
US sanctions imposed on Serbia’s oil company NIS, due to its Russian ownership, have blocked a crude oil shipment that was expected to provide temporary relief for the country’s only refinery in Pančevo. Without new supplies, the facility may be forced to halt operations within days. President Aleksandar Vučić previously warned that the refinery—which produces
Serbian President Aleksandar Vučić announced that he expects to receive concrete information by the end of this week or early next week regarding the situation of the oil company NIS, which has come under US sanctions due to its Russian ownership structure. Vučić said that Serbia is currently holding talks with Russian, American, and European
For EU energy infrastructure players—whether you’re deploying BESS, solar farms, smart substations, or grid-responsive industrial sites—Serbian engineering firms offer a proven, nearshore solution to handle technical workloads with precision, speed, and affordability. From relay logic and SCADA systems, to grid impact simulations and protection studies, Serbia is not just a cost-saving option — it’s a strategic engineering ally. As
As European industries accelerate modernization and green-energy transition, Serbia has positioned itself as a strategic outsourcing hub for integrated electrical-mechanical design and fabrication support. Combining engineering precision, digital design capability, and cost-efficient production expertise, Serbian firms are now delivering full design packages ready for international fabrication and on-site assembly across Europe. Integrated design for complex
As Europe experiences a surge in renewable-energy development, smart-grid expansion, and industrial modernization, Serbia is quietly becoming a crucial outsourcing and engineering hub. With a strong tradition in technical education, deep industrial roots, and a fast-growing pool of skilled professionals, the country’s design and electrical-engineering sector is supplying expertise to some of the continent’s most
