Serbia to turn its electricity giant EPS into joint stock company
Citizens may get 15% of Elektroprivreda Srbije or EPS this year as the Government of Serbia plans to change its status from a public company to a joint stock company. It informed the International Monetary Fund in a letter of intent that it is transforming the power producer with the help of the European Bank […]
IMF calls for raising electricity tariffs in Serbia
Electricity tariffs in Serbia have not changed in two years and should be raised, International Monetary Fund (IMF) Resident Representative in Belgrade Sebastian Sosa has told a news conference, local media reported. Electricity tariffs in Serbia should at least be adjusted for inflation, Sosa said, also noting that the country will have to transition to […]
EPS not to raise electricity price for the time being, energy minister says
Serbia’s public power utility Elektroprivreda Srbije (EPS) will not raise electricity prices over the coming period, Minister of Mining and Energy Aleksandar Antić has said, noting that Serbia is “defending the electricity price” before the International Monetary Fund (IMF) and the World Bank by citing EPS’ “good business results” and a favorable energy mix that […]
EPS to transform to JSC in 2020, tariff review for 2018 to be completed by end-August, Serbia tells IMF
The legal status of public power utility Elektroprivreda Srbije (EPS) will be changed to a joint-stock company in 2020, while a tariff review for 2018 will be completed by the end of August with the assistance of the World Bank, the Serbian authorities wrote in the program statement concerning the new Policy Coordination Instrument (PCI) […]
EPS lifts power prices for households, small-scale buyers
The Council of the Energy Agency of the Republic of Serbia (AERS) said on August 31 it approved the decision of public enterprise Electric Power Industry of Serbia (EPS) to increase prices by an average 3.8% for households and small-scale customers. The tariff is rising to RSD 6.6 (5.35 euro cents) per kWh excluding tax, […]
EBRD: Outages, inefficiency rank high in business challenges
Though some improvements have taken place, electricity issues remained the most severe obstacle for firms in Albania, the European Bank for Reconstruction and Development (EBRD) and the World Bank Group said in the summary of fifth Business Environment and Enterprise Performance Survey (Beeps). The report covers countries in the transition region of Central, Eastern and […]
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 […]