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 Hidroelectrica contractor Nehoiașu 2 hydropower

Romania’s Hidroelectrica to pick contractor for Nehoiașu 2 hydropower project

26 March 2026 - Hidroelectrica is selecting a company for the supply and installation of the equipment for the Nehoiașu 2 hydropower plant.

Sustainable, affordable, and renewable, Energy independence starts at home

Sustainable, affordable, and renewable: Energy independence starts at home

26 March 2026 - Europe’s energy independence starts at home: clean heating, heat pumps, and better funding can cut fossil fuel imports and protect households.

montenegro epcg nordex gvozd 2 contract sahmanovic dragas djukanovic

Montenegro’s EPCG inks agreement with Nordex for Gvozd 2 project

25 March 2026 - In November 2024, the company began the construction of the Gvozd wind farm, with Nordex also contracted as the turbine supplier

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

Nordex gets order for 70 MW wind power project Jasikovo in Serbia

24 March 2026 - Nordex Group received an order for the supply and installation of eleven N175/6.X wind turbines for the Jasikovo wind farm in eastern Serbia