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Naftna Industrija Srbije
Naftna Industrija Srbije ( sr-Cyrl, Нафтна Индустрија Србије, lit=Petroleum Industry of Serbia; abbr. NIS / НИС) is a Serbian multinational oil and gas company with headquarters in NIS building, Novi Sad, Serbia. NIS is one of the most profitable companies in Serbia and one of the largest domestic exporters, employing around 11,000 people in Serbia and the region. As of December 2024, Gazprom Neft is the largest shareholder with 50% of NIS shares, followed by 29.87% owned by the Government of Serbia, 5% owned by Gazprom and rest by minority shareholders. The main activities of the company are exploration, production and refining of petroleum and natural gas, sales and distribution of a broad range of petroleum and gas products, as well as the implementation of energy and petrochemical projects. The main NIS production facilities are in the Republic of Serbia, while subsidiaries and representative offices have been established in Bosnia and Herzegovina ...
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Novi Sad
Novi Sad ( sr-Cyrl, Нови Сад, ; #Name, see below for other names) is the List of cities in Serbia, second largest city in Serbia and the capital of the autonomous province of Vojvodina. It is located in the southern portion of the Pannonian Plain on the border of the Bačka and Syrmia geographical regions. Lying on the banks of the Danube river, the city faces the northern slopes of Fruška Gora and it is the fifth largest of all List of cities and towns on the river Danube, cities on the river Danube. It is the largest Danube city that is not the capital of an independent state. , the population of the city proper area totals 260,438 while its urban area (including the adjacent settlements of Petrovaradin and Sremska Kamenica) comprises 306,702 inhabitants. According to the city's Informatika Agency, Novi Sad had 415,712 residents in 2025. Novi Sad was founded in 1694, when Serb merchants formed a colony across the Danube from the Petrovaradin Fortress, a strategic Habsb ...
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Srbijagas
Srbijagas (full legal name: '' J.P. Srbijagas Novi Sad'') is the state-owned natural gas provider in Serbia with headquarters in Novi Sad. History Srbijagas was established on 1 October 2005 as a result of restructuring the integrated petroleum company NIS. The company was created on the basis of NIS divisions NIS-Gas and NIS-Energogas. In 2013, the government of Serbia decided to split Srbijagas into two separate companies because of its mounting debt and unsustainable business practices. Since 2013, the transportation and storage units have been operated by Transgas AD, while trade and distribution have continued to be operated by the Srbijagas AD. Subsidiaries As of 13 May 2024, the following companies are subsidiaries or companies in minority ownership of Srbijagas: * Distribucijagas Srbija d.o.o. Novi Sad * Specijalana luka d.o.o. Pančevo * Gas d.o.o. Bečej * Belgrade * Kikinda * Toza Marković a.d. Kikinda * Podzemno skladište gasa d.o.o. Banatski dvor * Sogaz a.d.o. ...
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Vojvodina
Vojvodina ( ; sr-Cyrl, Војводина, ), officially the Autonomous Province of Vojvodina, is an Autonomous administrative division, autonomous province that occupies the northernmost part of Serbia, located in Central Europe. It lies within the Pannonian Basin, bordered to the south by the national capital Belgrade and the Sava and Danube Rivers. The administrative centre, Novi Sad, is the second-largest city in Serbia. The historic regions of Banat, Bačka, Syrmia and northernmost part of Mačva overlap the province. Modern Vojvodina is multi-ethnic and multi-cultural, with some 26 ethnic groups and six official languages. Fewer than two million people, nearly 27% of Serbia's population, live in the province. Name ''Vojvodina'' is also the Serbian word for voivodeship, a type of duchy overseen by a voivode. The Voivodeship of Serbia and Banat of Temeschwar, Serbian Voivodeship, a precursor to modern Vojvodina, was an Austrian province from 1849 to 1860. Its official name ...
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Radio Free Europe
Radio Free Europe/Radio Liberty (RFE/RL) is a media organization broadcasting news and analyses in 27 languages to 23 countries across Eastern Europe, Central Asia, the Caucasus, and the Middle East. Headquartered in Prague since 1995, RFE/RL operates 21 local bureaus with over 500 core staff, 1,300 freelancers, and 680 employees. Nicola Careem serves as the editor-in-chief. Founded during the Cold War, RFE began in 1949 targeting Soviet empire, Soviet satellite states, while RL, established in 1951, focused on the Soviet Union. Initially funded covertly by the Central Intelligence Agency, CIA until 1972, the two merged in 1976. RFE/RL was headquartered in Munich from 1949 to 1995, with additional broadcasts from Portugal's Glória do Ribatejo until 1996. Soviet authorities jammed their signals, and Second World, communist regimes often infiltrated their operations. Today, RFE/RL is a private 501(c)(3) corporation supervised by the United States Agency for Global Media, which ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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Adria Oil Pipeline
Adria oil pipeline (, , /Јадрански нафтовод; also known as Yugoslav Pipeline and JANAF pipeline) is a crude oil pipeline in Croatia, Serbia, and Hungary with branch lines to Slovenia and Bosnia and Herzegovina. History The idea of the Adria pipeline was first discussed in 1964 by Yugoslav officials. The plan proposed in October 1965 foresaw a pipeline with a capacity of about 10 million tonnes per annum to supply Yugoslav refineries in Croatia, Bosnia and Herzegovina, and Vojvodina in Serbia with a branch line to the Hungarian border or through Ljubljana to Graz in Austria. The project foresaw to supply refineries in Sisak, Lendava, Bosanski Brod, Novi Sad and Pančevo. In June 1966 it was published that the pipeline was to have a diameter of and that the first long section would lead from Bakar or Rijeka to Sisak. The annual capacity of the Bakar-Sisak section was scheduled to 17 million tonnes. From Sisak, the long northern branch was to be e ...
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2022 Russian Invasion Of Ukraine
On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thousands of Casualties of the Russo-Ukrainian War, military casualties and tens of thousands of Ukrainian Attacks on civilians in the Russian invasion of Ukraine, civilian casualties. As of 2025, Russian troops Russian-occupied territories of Ukraine, occupy about 20% of Ukraine. From a population of 41 million, about 8 million Ukrainians had been internally displaced and more than 8.2 million Ukrainian refugee crisis, had fled the country by April 2023, creating Europe's List of largest refugee crises, largest refugee crisis since World War II. In late 2021, Russia Prelude to the Russian invasion of Ukraine, massed troops near Ukraine's borders and December 2021 Russian ultimatum to NATO, issued demands to the Western world, West i ...
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International Sanctions During The Russian Invasion Of Ukraine
Following the full declaration of the Russian invasion of Ukraine, which started on 24 February 2022, institutions such as the United States, the European Union, and other Western countries introduced or significantly expanded sanctions covering Russian President Vladimir Putin, other government members and Russian citizens in general. Some Russian banks were banned from using the SWIFT international payments system. The sanctions and the boycotts of Russia and Belarus have impacted the Russian economy in various ways. Nevertheless, Russian authorities have mitigated the impact of sanctions by procuring essential goods from consumer products that are rarely subject to export restrictions, by exploiting globalized supply chains, and by turning toward trading partners who have ignored Western sanctions, such as China, India, Turkey and the UAE. Background and history of sanctions and ramifications History of sanctions Western countries and others imposed sanctions on Ru ...
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Eastern Europe
Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountains, and its western boundary is defined in various ways. Narrow definitions, in which Central Europe, Central and Southeast Europe are counted as separate regions, include Belarus, Russia and Ukraine. In contrast, broader definitions include Moldova and Romania, but also some or all of the Balkans, the Baltic states, the Caucasus, and the Visegrád Group, Visegrád group. The region represents a significant part of Culture of Europe, European culture; the main socio-cultural characteristics of Eastern Europe have historically largely been defined by the traditions of the Slavs, as well as by the influence of Eastern Christianity as it developed through the Byzantine Empire, Eastern Roman Empire and the Ottoman Empire. Another definition was ...
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Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ...
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Banatski Dvor
Banatski Dvor ( sr-cyr, Банатски Двор; ) is a village in Serbia. It is situated in the Žitište municipality, in the Central Banat District, Vojvodina province. The village is ethnically mixed and its population numbering 1,263 people (2002 census), including 593 Serbs (46.95%), 509 Hungarians (40.30%), and others. Name In Serbian the village is known as ''Banatski Dvor'' (Банатски Двор), in Hungarian as ''Udvarnok'' (also ''Törzsudvarnok'' before 1867, ''Szőllősudvarnok'' after 1867, ''Idvarnok'', ''Itvarnok''), and in German as ''Banater Hof und Rogendorf''. Historical population *1961: 1,832 *1971: 1,629 *1981: 1,374 *1991: 1,300 *2001: 1,512 *2011: 1,122 Gas depot There is a large underground gas depot at Banatski Dvor, which will be connected to the proposed South Stream transit gas pipeline. Gallery Image:Banatski_Dvor,_Catholic_Church.jpg, Saint Rosalia the Virgin Catholic Church. See also *List of places in Serbia *List of cities, towns ...
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