Serbia needs to hike electricity prices, but not before reforming EPS – Fiscal Council

Serbia’s state power utility Elektroprivreda Srbije (EPS) must step up investments in order to boost production capacities and meet environmental protection standards, which requires first implementing the company’s long-delayed reform and reducing power distribution losses, slashing or aborting the channeling of EPS’ profits into the state budget, and only then increasing electricity prices, according to […]

Cypriot, Greek, Romanian, Serbian, Turkish airports commit to net-zero emissions by 2050

Cypriot, Greek, Romanian, Serbian and Turkish airports are among 194, operated by 40 airport operators across 24 countries, that have signed a landmark commitment to become net zero for their carbon emissions by 2050. The signatories include Hermes Airports (Larnaka and Pafos Airports), Athens International Airport, Cluj Avram Iancu International Airport, TAV Airports (Izmir-Adnan Menderes […]

Let the sunshine in, say civil society groups

Author: Igor Vejnović, Hydropower Coordinator, CEE Bankwatch Network Eight civil society organisations last week submitted proposals for a revamp of Serbia’s renewables support scheme to the Ministry of Energy and Mining. All across Europe, renewables incentive schemes have been transformed in recent years to take account of the growing costs of feed-in tariffs for end […]

Features July 10, 2019

Croatia’s HEP Group posts EUR 184 million net profit for 2018

Croatia’s state-owned energy company Hrvatska Elektroprivreda (HEP Group) reported a net profit of HRK 1.36 billion (around EUR 184 million) in 2018, an increase of 5% compared to 2017. The profit came from the group’s electricity business, with losses seem in other segments of operations, according to HEP Group’s annual report. HEP Group posted an […]

Call issued for climate change projects to be funded by Green Climate Fund

Serbia’s Ministry of Agriculture, Forestry and Water Management, in cooperation with the United Nations Environment Program (UNEP), has invited all interested parties to submit project ideas for reducing greenhouse gas emissions and adapting to climate change at the national level whose implementation requires funds from the Green Climate Fund (GCF). The deadline for submitting climate […]