Tag: financial

Revenues from Montenegro-Italy submarine cable to exceed expectations – Montenegro, 21 January 2020

Vladimir Bojcic from the Montenegrin electricity transmission system operator CGES said that revenues from the operation of submarine electricity cable between Montenegro and Italy will be higher than expected and would rise to over 6 million euros in 2020. Bojcic explained that in accordance wit Full article available for subscribers of Energy NEWS service (PDF […]

Energy intensive companies to receive 331 million euros in state aid – Romania, 21 January 2020

About 170 energy intensive companies in Romania will receive state aid for energy totaling 331 million euros in the next three years, under an emergency ordinance 81/2019 passed by Government at the end of last year, which creates the legal framework for compensating the companies’ expenses with the Full article available for subscribers of Energy […]

NIS to invest 72 million euros in Pancevo refinery modernization – Serbia, 20 January 2020

Russian GazpromNeft, a majority owner of Serbian oil company NIS, said that NIS plans to invest over 72 million euro in the modernization of the catalytic cracking facility at its Pancevo oil refinery. Works on the upgrade of the catalytic cracking facility are expected to be completed by 2024. Full article available for subscribers of Energy NEWS service (PDF […]