IMF’s 15 percent electricity price hike requirement in agreement with the state

The head of the International Monetary Fund’s mission to Serbia Zuzana Murgašová said 15 percent electricity price hike was part of the agreement with the government, as stated in a memorandum which the country submitted before the deal was closed, Balkans.com quoted reports by Serbian media.

Asked by Tanjug how she sees the fact that officials in Serbia are announcing an electricity price increase after April 1, she said that this matter would be a topic of the next agreement review some time in mid-May.

Potential delays in the search for a solution to the problem of Petrohemija petrochemical complex, Azotara fertilizer plant and chemical manufacturer and distributor MSK will also be a topic of the talks, Murgašová said and expressed the hope that the government would find a solution to the companies by that time.