Government sets royalties for Black Sea oil and gas exploration - Romania, 18 October 2017  |  899 GWh of electricity produced in August - Croatia, 18 October 2017  |  Gazprom continues to increase gas deliveries to SEE - Region, 18 October 2017  |  Gazprom continues to increase gas deliveries to SEE - Region, 18 October 2017  |  Slovenia considers construction of HPPs on the Mura river - Slovenia, 17 October 2017  |  Revitalized generator at HPP Djerdap 1 put into operation - Serbia, 17 October 2017  |  OMV Petrom officials investigated on energy market manipulation - Romania, 17 October 2017  |  Competition Council approved wind farm Dorobantu takeover - Romania, 17 October 2017  |  Romgaz and Transgaz concluded a gas transportation contract - Romania, 17 October 2017  |  NKM acquired local gas distributor - Hungary, 17 October 2017  |  Tellurian Energy considers investing in Alexandroupoli LNG terminal - Greece, 17 October 2017  |  All obstacles for Azeri natural gas deliveries to Bulgaria removed - Bulgaria, 17 October 2017  |  Second reactor for cancelled NPP Belene project shipped - Bulgaria, 17 October 2017  |  EPIAS to start trading natural gas in April 2018 - Turkey, 16 October 2017  |  Loan agreements for the construction of Cibuk 1 wind farm signed - Serbia, 16 October 2017  |  Works on Israel-Cyprus-Greece electricity interconnection to start in 2018 - Greece, 16 October 2017  |  Delivery of pipes for TAP in Albania, Greece and Italy completed - Region, 16 October 2017  |  Shell is again interested in oil exploration in FBiH - Bosnia and Herzegovina, 14 October 2017  |  Israel and Turkey are in advanced stage of gas pipeline talks - Turkey, 13 October 2017  |  SOCAR Turkey Enerji to acquire a stake in TANAP project by the end of 2017 - Turkey, 13 October 2017

CGES recorded profit of 700,000 euros in Q1 2017 – Montenegro, 15 June 2017

Montenegrin electricity transmission system operator CGES recorded a net profit in the amount of 701,000 euros in the first quarter of 2017, which is by 211,000 euros less compared to the same period in 2016.
Operating revenues of the company at the end of March 2017 reached 7.968 million euros, while its operating expenses reached 7.204 million euros at the end of the first quarter. Salaries, benefits and other personnel expenses are accounted for 1.466 million euros out of total expenses, depreciation and provisions for 1.81 million euros. Total assets of CGES at the end of March 2017 amounted to 258.2 million euros.

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