GGF provides EUR 20 million senior loan to UniCredit Bank for renewable energy financing in Serbia
The senior loan for financing renewable energy projects represents the beginning of the cooperation between GGF and UniCredit Bank Serbia. The renewable energy projects to be financed by the GGF loan are expected to reduce carbon dioxide (CO2) emissions by 47,000 tons. The Green for Growth Fund (GGF) and UniCredit Bank Serbia have signed a loan agreement […]
There’s no such thing as a free lunch
By Kristina Cvejanov, President on Serbian Packaging Waste Recyclers Association The media recently reported that Serbia is preparing to open Chapter 27 on the environment in its accession negotiations with the European Union by the end of this year or early next year. The plan is to complete the draft negotiation platform by the end of […]
Serbian petroleum company NIS will have to pay eco-tax unless it proves exemption
Serbian authorities reiterated their position that all companies have to pay environmental tax, including the Petroleum Industry of Serbia (NIS) which allegedly doesn’t pay it on the basis of the Agreement on cooperation in the energy sector, signed between Serbia and Russia in 2008. Serbian Minister of Agriculture and Environmental Protection Branislav Nedimović recently said […]
Waste exchange about to be launched in Serbia, RTS finds out what are the benefits
In Serbia, only 10% of waste is recycled, which means that the country is loosing profit worth EUR 50 million annually. Used paper, PET packaging waste, glass and metal mostly end up either on landfills or in the nature. Most of the collected waste is exported, while domestic facilities do not have enough raw material […]
EPCG joining SEEPEX later this year just the first step in further integration with other power markets
Elektroprivreda Crne Gore (EPCG), national power utility company of Montenegro is currently preparing paper work to become member of SEEPEX, licensed Serbian power market operator. CEO of SEEPEX Miloš Mladenović sees this move as mutually beneficial, one which will provide EPCG with safe and stable energy trading platform, along with increased regional presence and improved […]
World Bank suggesting strategic partner for EPS, Branko Kovačević: that is not good idea
Tony Verheijen, Country Manager of the World Bank in Serbia said that privatization of Electric Power Industry (EPS) would be too complicated, which is the reason for the government to possibly consider strategic know-how partnership for this state power utility. However, Branko Kovačević, President of EPS Supervisory Board thinks that is not a good idea. Verheijen: […]
City of Belgrade in global UN initiative SE4ALL – our endeavors to make capital wealthier, healthier and economically stronger
By Miodrag Grujić, Head of Climate Change, Energy Efficiency and Renewable Energy Sources, City of Belgrade – Secretariat for Environmental Protection As a member of the City of Belgrade delegation, I have recently participated at the UN Forum Sustainable Energy for All (SE4ALL), held in New York, USA. Our goal was to present Belgrade’s sustainable […]
Electric vehicles in Serbia – Slovenia as a role-model, Croatia bad example
Serbia records neither incentives nor necessary infrastructure for electric vehicles. Private sector’s initiatives could be a game-changer. Number of charging stations on the rise in Southeastern Europe The Faculty of mechanical engineering in Belgrade has presented this week a supercharger for electric cars as part of European project Green Balkanika. The project should provide necessary infrastructure for […]