News

Government sacks power utility head for misspending

Published

March 8, 2016

Comments

0

Share

Published:

March 8, 2016

Comments:

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

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW