Blog
EPS rebounds in 2025, but Serbia’s power mix and export weakness keep transition risks in focus
Elektroprivreda Srbije (EPS) reported a sharp improvement in 2025 profitability, but the recovery remains tied to lignite generation and a weaker export position. At the same…
Can Serbia turn its renewable buildout into a regional manufacturing and engineering platform?
As wind, solar and battery projects accelerate across South-East Europe, the demand is shifting from power generation to the industrial infrastructure that enables grid integration. Serbia’s…
Serbia’s renewables pivot is becoming an industrial competitiveness test
Serbia’s renewable transition is shifting from an energy-sector project to a question of whether exporters can secure low-carbon, bankable power. By 2026, wind, solar, battery storage,…
Serbia’s renewables shift from capacity race to grid, storage and CBAM readiness
Serbia’s renewable buildout is entering a more demanding phase as grid limits, balancing costs and CBAM-linked carbon exposure reshape project economics. Storage and transmission are increasingly…
Pančevo refinery lifts crude processing as Serbia prioritizes fuel security amid sanctions
Serbia’s only operational refinery in Pančevo processed about 336,000 tonnes of crude oil in April 2026, according to domestic energy-sector sources. The higher throughput follows months…
Strickland Metals’ Rogozna drilling delayed in Serbia as regulatory approvals stall amid rising local opposition
Australia-listed Strickland Metals says delays in receiving expansion approvals from Serbia’s Ministry of Mining and Energy have pushed back planned drilling at the Rogozna gold project…
US EXIM financing to support Serbia’s stand-alone 5G rollout
The U.S. Export-Import Bank has approved financing to help Telekom Srbija procure 5G equipment and related services from American technology suppliers, extending earlier support granted in…
Serbia’s early-2026 growth beats expectations, but inflation and Europe’s industrial slowdown remain key risks
Serbia’s economy grew by about 3% year-on-year in the first quarter of 2026, according to the MAT bulletin, driven largely by services and trade. Yet economists…
Serbia repurchases €871mn of 2027 eurobonds to ease medium-term refinancing risk
Serbia has bought back nearly €871mn of sovereign eurobonds due May 2027, cutting next year’s refinancing concentration as it completes a fresh multi-tranche €3bn-equivalent issuance. The…
Montenegro’s state firms diverge in 2025 as energy losses deepen and restructuring gains traction
Montenegro’s state-controlled companies delivered a split performance in 2025, with rehabilitation and wine producer Plantaže showing renewed profitability while the energy sector absorbed heavy losses linked…