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Serbia’s fuel risk becomes a boardroom problem

Energy, sanctions and the NIS ownership question are turning fuel exposure into one of the defining business risks for Serbia in the second half...

The NIS question: Why Serbia’s energy risk matters for every business

At first glance, the uncertainty around NIS looks like an oil-sector story. It is not. It is a whole-economy business story. NIS operates Serbia’s only...

Serbia’s difficult break with Gazprom signals a new energy era

The gradual departure of Russia’s Gazprom from Serbia’s energy sector marks one of the most consequential economic and geopolitical shifts in the country since...

Potential sale of NIS to Hungary’s MOL moves closer as Serbia seeks greater control

A potential takeover of Serbia’s oil and gas company NIS by Hungary’s MOL is moving into its final phase, according to reports cited by...

NIS sale nears completion as Serbia secures strategic guarantees from MOL

After months of negotiations, political uncertainty and repeated extensions from U.S. authorities, the future ownership structure of Serbia’s oil champion NIS appears to be entering its...

Who controls Serbia’s energy future? The high-stakes race for NIS

The future ownership of Serbia’s oil industry has quietly become one of the most consequential economic questions in Southeast Europe. For years, Naftna Industrija Srbije...

NIS negotiations enter critical phase as Serbia defends refinery and energy security interests

The negotiations surrounding the future ownership of Naftna Industrija Srbije (NIS) have entered one of their most sensitive stages, with discussions between Gazprom Neft, Hungary’s MOL Group and Serbian...

Why the sale of Russia’s stake in NIS has stalled

The delay in the sale of the Russian-controlled stake in NIS is not primarily a financing issue. It is the result of a complex...

NIS–MOL negotiations are becoming Serbia’s most important energy security test

The ongoing negotiations surrounding the potential transfer of Russian ownership in Serbia’s oil company NIS to Hungary’s MOL are no longer simply a corporate...

NIS expands domestic hydrocarbon push with RSD 4.9 billion upstream investment

Serbian energy company Naftna Industrija Srbije (NIS) invested approximately RSD 4.9 billion in oil and gas exploration activities during the first quarter of the year, underscoring...

NIS sale negotiations enter critical phase as Serbia pushes back against MOL terms

The future ownership structure of Serbia’s oil giant Naftna Industrija Srbije (NIS) has entered an increasingly uncertain and politically sensitive phase as negotiations between the Serbian...

Serbia draws red lines in MOL–NIS talks as energy security takes priority over fast deal

Negotiations over the potential sale of the Russian stake in NIS to Hungary’s MOL have exposed how deeply Serbia now views energy infrastructure as...

Pančevo refinery returns to higher processing levels as Serbia focuses on fuel security

Serbia’s only operational oil refinery in Pančevo processed approximately 336,000 tonnes of crude oil in April 2026, according to data cited by domestic energy-sector sources,...

Serbia’s industrial growth faces pressure from NIS uncertainty and European manufacturing weakness

Serbia entered 2026 with one of the fastest economic growth rates in Europe, but new pressure points are beginning to emerge across the country’s industrial base....
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