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Airports, energy, and execution risk: Operational signals from Montenegro’s real economy

While EU accession dominates strategic narratives, the real test of Montenegro’s economic transition is playing out in operational sectors such as aviation and energy....

EPCG approves a 50 percent electricity price discount

The decision by Elektroprivreda Crne Gore to approve a 50 percent electricity price discount for households in Pljevlja is a measure rooted in social,...

EPCG’s balance sheet under pressure as operational risk replaces price risk

Elektroprivreda Crne Gore (EPCG) has traditionally been evaluated through pricing and tariff policy, but today the primary challenge is operational risk. Rising costs, volatile...

EPCG’s financial losses widen as hydrology worsens and market conditions remain volatile

Crna Gora’s state-owned utility, EPCG, faces another difficult financial year as worsening hydrological conditions and unstable electricity-market pricing continue to erode operating margins. Hydropower...
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EPCG’s deepening losses expose growing structural strain in Montenegro’s energy sector

Montenegro’s state-owned power utility, Elektroprivreda Crne Gore (EPCG), has entered a period of intensified financial pressure after new data revealed that the company’s losses...

EPCG installs Europe’s largest wind turbine while reassessing thermal generation for grid stability

Montenegro’s energy landscape entered a complex new phase with two seemingly contradictory developments from Elektroprivreda Crne Gore (EPCG). On one side, the company installed...
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