EU Provides EUR165 Million in Support to Serbia’s Energy Sector | Beta Briefing

EU Provides EUR165 Million in Support to Serbia’s Energy Sector

Source: Beta
Archive / News | 14.02.23 | access_time 13:22

Electricity (Pixabay)

On Feb. 14, Serbian EU Integrations Minister Tanja Miscevic and Deputy Head of EU Delegation to Serbia Plamena Halacheva signed an agreement on a EUR165-million support package which the Union will provide to Serbia’s energy sector. The occasion was attended by Serbian President Aleksandar Vucic and EU Delegation to Serbia head Emanuele Giaufret.

The funds are intended for implementing an energy sector roadmap envisioned by the Serbian government, which entails subsidies for vulnerable households and measures to protect small and medium-sized enterprises from high power prices.

One of the measures envisioned is promoting power saving among end-users, while another is increasing competition in the natural gas and electrical power markets. The latter involves the differentiation and certification of all natural gas companies, opening the natural gas market and organizing auctions for renewable energy providers.

President Vucic has stated that Serbia is very grateful to the EU for this support package.

“This is a great gift for us, a great amount of money, which will structurally and essentially strengthen Serbia’s capacities,” Vucic said, adding that Serbia is largely dependent on the EU and can hardly move forward without the Union’s support.

To get full access to all content of interest see our
Subscription offer
Register for free
And read up to 5 articles each month.

Already have an account? Please Log in.

Related Articles

Latest News