Finance

The Serbian Ministry of Mining and Energy and USAID have signed a Memorandum of Understanding, setting out plans to cooperate on improving energy efficiency in Serbia.

A new financing, supported by the European Investment Bank and backed by InvestEU, will help support the construction of 3 solar farms in Greece for a total capacity of 230 MWp.

Kosovo's government has allocated around 95 million euros to tackle the ongoing energy crisis, including 78 million euros for a subsidy on an energy price cap and energy efficiency projects, worth 4.5 million euros.

The European Investment Bank (EIB) has signed a new European Local Energy Assistance (ELENA) contract for Technical Assistance with the Greek state to improve energy efficiency in public buildings and other venues.

Earlier today, Green Genius and mBank agreed on a transaction worth 46,45 million euros to build 69 MW solar farms in Poland. This marks the largest Green Genius deal in the Polish market to date.

Last week, the Ukrainian President signed new Laws to encourage donation efforts under the Energy Support Fund. Separately, Deputy Minister of Energy for European Integration, Ukrainian urged businesses to participate in tenders for the supply of equipment within the framework of the Fund.

During a parliamentary session last month, the North Macedonian Prime Minister provided an update on his government's response to the ongoing situation on the global energy and supply chain crisis.

Hungarian residential consumers will continue to pay the lowest price for gas and the second lowest price for electricity in Europe, confirmed Hungary's newly established Ministry of Energy, announcing that 2023 won't bring changes in the energy bills of Hungarian households whether they consume below or above the average consumption.

As the EU is stepping up its game in the expectations for mandatory reporting by companies in the coming years, it is key for corporate leaders to understand, quantify and manage their companies' and financial portfolios’ risks, says Cambridge Econometrics.

The European Commission has approved a 3-billion-euro Polish state aid to support companies active in the Polish gas market "in the context of Russia's war against Ukraine".

The European Investment Bank (EIB) and Klaipėda State Seaport Authority have signed a 65 million euros loan agreement for the development of Klaipėda seaport in Lithuania.

Hungary aims to achieve a target of consuming no more than 3-4 bcm of gas per year by 2050: the country's energy transition calls for a more diverse renewable energy portfolio and a greater power system flexibility for its integration.