News

Government sacks power utility head for misspending

Published

March 8, 2016

Comments

comments icon

0

Share

Published:

March 8, 2016

Comments:

comments icon

0

Share

Prime minister Aleksandar Vučić said the purchase of two Audi vehicles was the last drop which led Aleksandar Obradović, chief executive of state-owned Electric Power Industry of Serbia (EPS), to be relieved of his duty, B92 portal reported. The new head of the company will be picked through public contest, the premier said.

Asked whether there’s indication Obradović is responsible for anything more drastic than what he got demoted for, Vučić said it’s a question for state authorities. Speaking earlier for state broadcaster RTS, he announced the dismissal due to failure to comply with austerity measures. Vučić also said he is unhappy with the restructuring of EPS.

The Fiscal Council recently stated the public company’s business results currently pose the greatest risk to Serbia’s public finances. The independent state body’s president Pavle Petrović stated EPS had “a bunch of problems” and singled out the number of employees and their high salaries.

Union representatives have cut demands for severance pay from EUR 1,500 to EUR 900 per year of service for those who are about to be laid off. The decrease in headcount is part of the current arrangement with the International Monetary Fund.

Related Articles

romania nuvve omnia bess battery brasov

Nuvve Holding, Swiss Omnia Global to install 120 MWh BESS in Romania

20 March 2026 - The BESS project in Braşov, a city in central Romania, is the third in Europe under a cooperation agreement of Nuvve Holding and Omnia Global

IEA urges demand-side measures to ease energy crisis from Iran war

IEA urges demand-side measures to ease energy crisis from Iran war

20 March 2026 - The escalating energy crisis from the Iran war can be eased with a range of demand-side measures spanning transportation, cooking and industrial production

energy community ecrb report electricity network tariffs

ECRB report maps reforms to modernize Energy Community electricity network tariffs 

20 March 2026 - The Energy Community Regulatory Board (ECRB) has released its 2025 Best Practice Report on electricity network tariff methodologies

Papastavrou Serbia can t be left out of blueprint for Vertical Gas Corridor

Papastavrou: Serbia can’t be left out of blueprint for Vertical Gas Corridor

20 March 2026 - Minister of Environment and Energy of Greece Stavros Papastavrou said Serbia can't be left out of the Vertical Gas Corridor for American gas