Serbia needs to hike electricity prices, but not before reforming EPS – Fiscal Council

Serbia’s state power utility Elektroprivreda Srbije (EPS) must step up investments in order to boost production capacities and meet environmental protection standards, which requires first implementing the company’s long-delayed reform and reducing power distribution losses, slashing or aborting the channeling of EPS’ profits into the state budget, and only then increasing electricity prices, according to […]

Serbia needs to boost environmental investment by EUR 500 million annually to tackle “critical” situation – Fiscal Council

The Fiscal Council has called for significantly stepping up investment in environmental protection in Serbia, noting that there is ample room to do so through the 2019 state budget now that the country’s public finances have stabilized. Serbia is one of the most polluted countries in Europe, which is jeopardizing the health of the population […]