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

Serbian oil company NIS installs 6 8 MW solar power plant

Serbian oil company NIS installs 6.8 MW solar power plant

13 March 2026 - Gazprom-owned Serbian oil refiner and service station chain NIS commissioned its ground-mounted 6.8 MW solar power plant. It is one of the biggest in the country.

croatia cropex slovenia market power exchange

CROPEX expands into Slovenian electricity market

13 March 2026 - The move marks the first time the Croatian Power Exchange will operate outside Croatia, according to CROPEX CEO Ante Mikulić

montenegro loan power line ebrd asanovic bowman

CGES to invest EUR 15 million in BiH-Montenegro-Albania power line

13 March 2026 - Montenegro's TSO Crnogorski Elektroprenosni Sistem plans to invest EUR 200 million over the next five years

carbon storage Kent Energean Prinos North Aegean Sea Greece

EnEarth gets permit for carbon storage at offshore oil field in Greece

12 March 2026 - Integrated energy services firm Kent won a contract for front-end engineering design for the Prinos CO2 project in Greece for carbon storage.