INA recorded increased profit and revenues in the first half of 2017 – Croatia, 27 July 2017

Croatian oil company INA announced that its consolidated net profit in the first half of 2017, excluding special items, increased to 82 million euros from 9.5 million euros recorded in the same period last year, mostly due to favorable environment. Total sales revenues of INA Group reached 1.13 billion euros, which is by 34 % […]

EC agreed to Russian gas in Balkan gas hub – Bulgaria, 27 July 2017

According to Bulgarian newspapers, the European Commission (EC) has allegedly allowed the participation of Russian natural gas in the planned Balkan gas hub project. The newspapers claim that Energy and Climate Commissioner Miguel Arias Canete has sent a letter to Bulgarian Minister of Energy Temenuzhka Petkova in which he said that the EC continues to […]

Construction of unit 2 at TPP Pljevlja is not called into question – Montenegro, 26 July 2017

Montenegrin Prime Minister Dusko Markovic said that the activation of the put option, namely the withdrawal of Italian company A2A from power utility EPCG, has not called the project for the construction of unit 2 at thermal power plant Pljevlja into question. PM Markovic said that the Government is committed to this project and the […]