Sitemap

Jelena Puzović, Ph.D., Head of the JVP Srbijavode Public Relations and International Cooperation Sector

Serbia Must Ensure the Conservation of the Precious Resource That is Water

Public Water Management Company Srbijavode engages in numerous activities aimed at overcoming the challenges brought by climate change – implementing projects to develop and...

Uroš Đorđević, Account Executive, Dell Technologies

Pioneer in the New Era of Digital Tech

Dell Technologies is a corporation that’s oriented towards technological innovation and keeps pace with technological trends in every sense, which includes AI Speaking in this...

Ana Toskić Cvetinović, Executive Director, Partners for Democratic Change Serbia

The Rule of Law is Vital Ana

Partners Serbia is an organisation that’s dedicated to advancing the rule of law and developing civil society and institutions in Serbia and around the...

Ioanna Batsialou Ph.D., Director and Owner of the Ioanna Regen Polyclinic

Passion is Key to this Job

Ioanna Batsialou Ph.D. is the director and owner of the Ioanna Regen Polyclinic, which specialises in physical medicine, rehabilitation, mesotherapy, aesthetics and anti-aging treatments Our...

Maja Marić, Country Manager Operations, CPI Property Group

Retail Parks Remain Fashionable

A key part of the company culture at CPI Property Group Serbia, which forms part of a family firm that was founded in the...

Aleksandar Kovačević, Senior Visiting Research Fellow at Oxford institute for Energy Studies (OIES)

Turning to Sustainable Energy

Serbia’s energy sector is poised for significant development and growth, as it stands in need of substantial investments. This presents a compelling and prominent opportunity for investors in the market, with the potential for the sector to become a key driver of new contributions to Serbia’s economic growth

The generation of energy is a key economic activity in Serbia. Serbia’s electric utility power company provides over 95% of electricity for domestic consumption. It determines prices for industry and the population. These prices determine the cost of heating space with fuelwood for 56% of Serbia’s population.

During 2022, fuelwood prices dramatically exceeded their decades-long link with electricity prices. The perception of risk to supplies as a consequence of the war in Ukraine and technical failures in the Serbian power supply system propelled fuelwood prices to their highest level in decades. Per unit of usable thermal energy, fuelwood thus turned out to be the most expensive fuel on the market. That in turn pushed up food prices and the inflation rate.

A combination of technical failures, depleted brown coal mines, a lack of domestic oil and gas resources and an increase in European energy prices showed the Government of Serbia just how large the fiscal risk of an unsustainable energy sector can be.

A new reality emerged in 2023. The electricity supply is now stable despite technical failures. Fuelwood prices have fallen somewhat, but remain twice as high as they were prior to 2022.

Serbia’s President used his COP28 speech to emphasise the disproportionate impact of climate change, signalling potential interest in new energy policies and heightened awareness of supply risks

The most positive development in 2023 has been the growing understanding between energy professionals that relief is not sustainable. Brown coal mines are not going to improve and old power plants are going to deteriorate further, while there are no more gas and oil reserves. The gas supply contract with the traditional supplier is also far from secure, due to a combination of technical risks and exposure to military threats.

The Serbian energy sector needs massive investments. This sector is becoming the most prominent investment opportunity on the market and the key driver of new investment contributions to Serbia’s economic growth.

The President of Serbia devoted his COP28 climate change conference speech to the disproportionate impacts of climate change across the territory of Serbia. This may (and may not) indicate political interest in a new energy policy and heightened awareness of supply risks.

If Serbia truly commits to investments in sustainable energy, and if the EU provides a grant mechanism directed towards the commercial operator through its accelerated accession to EU Emissions Trading System by 2026 and the allocation of EU ETS allowances for the phasing out of coal during the 2026-2034 period, that could mark a decisive shift towards EU integration and sustainability. That could be done without the nuances of full EU accession. This is the hope that 2023 brought to the table, beyond the understanding of how dark the alternatives could be.

Slađana Prica, retired ambassador, member of the Forum for International Relations and honorary president of the UNA of Serbia

Diplomatic Response Overdue

The issue of the so-called ‘self-proclaimed’ Kosovo joining Europe’s oldest political organisation has long been an open question. Attempts have been made and lobbying...

Slobodan G. Markovich, Institute for European Studies and Faculty of Political Science

U.S. Elections More Critical for EU Future than EP Elections

While the EU’s right-wing parties are expected to make gains, these gains shouldn’t be expected to substantially alter the composition of the Parliament or...

Ivana Radić Milosavljević, Assistant Professor in European Studies at the University of Belgrade - Faculty of Political Sciences

Not all Right-Wing Parties are Likeminded

The outcome of the European Parliament election is unlikely to cause a dramatic shift in EU policy, particularly foreign policy, but it could hamper...

Rajko Petrović, Research Associate at the Institute of European Studies

The EU Idea is Stronger than the Outcome of Less Important Elections

The electorate’s shift to the right won’t change the nature and essence of the idea of the European Union, and thus neither will it...

New Joint Venture Forms to Revolutionize Balkan Logistics

In a strategic move to enhance logistics operations in the Western Balkans, Transfera, a leading logistics company in the...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

Serbia Ascends as Key Trade Partner for Germany

Serbia is set to become a net exporter to Germany by 2025, overtaking its imports from the economic powerhouse,...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...

Concept Mercedes-AMG PureSpeed

Exciting, energising and breathtaking – the Mercedes‑AMG PureSpeed concept is the highlight in the run-up to the Formula 1™...

Western Balkans Chambers of Commerce Sign Tourism Cooperation Memorandum in US Congress

A landmark Memorandum of Cooperation has been signed at the US Congress, uniting the Chambers of Commerce of the...

EU Sets Global Standard with World’s First Artificial Intelligence Act

The European Union has taken a pioneering step by adopting the world's first Artificial Intelligence Act, setting a potential...

Montenegro’s Independence Day Celebrated

Celebrating Montenegro's Independence Day with an Exhibition on Montenegrin Cyrillic Printing from the 15th and 16th Centuries. In commemoration of...

Business Event Hosts Serbian Employment Service Presentation

In Belgrade on the 15th of May, the Slovenian Business Club, in collaboration with the National Employment Service of...
spot_img