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Nicolas Marquier, Regional Manager for the Western Balkans at the International Finance Corporation (IFC)

Financing the Future

IFC, the largest global development institution, has provided almost $1 billion in financing to Serbia’s private sector over the past six years IFC, as a...

Dr Ivan Todorović, Todorović Law Firm

Dedicated Advisors and Tenacious Litigators

The Todorović Law Firm has existed for more than 30 years and throughout that time has demonstrated its unwavering dedication to continuously advancing at...

Marija Stojiljković, Founder, Royal Nanny

Children Deserve the Best Nannies

Royal Nanny offers a wide range of childcare services, primarily through mediating between professional nannies and families, providing responsible, meticulous, trained and caring individuals Starting...

Petar Miljković, CEO, 14. Oktobar d.o.o.

Employees are the Company’s Real Strength

This former Kruševac giant, which has come a long way over the course of 100 years of operations, developing from a construction machinery factory...

Ivana Bogdanović, Director of Marketing and Corporate Communications at Addiko Bank

CSR as a Longstanding Priority

In today’s world, where gaining the trust of clients is the most important aspect of a company’s business, CSR, or socially responsible operations, represents...

Aleksandar Macura, RES Foundation, Co-founder and Programme Director for Energy

Year in Which We took to Our Roofs

Almost 1,900 households and 600 companies will receive electricity from their roofs during every hour of sunshine throughout the lifespan of their solar panels, over the next 20-plus years, and will use it in homes and businesses, while exchanging the surplus with the power system

As 2023 comes to an end, approximately 2,500 households and companies are registered as owners of solar power plants in the register of prosumers that’s maintained by Serbian electricity distribution company EDS [Elektrodistribucija Srbije]. Encouraged by sunshine and aided by modern equipment, during the sunniest hours we receive EMF electricity from these roofs with a total power of nearly 40 MW. This still isn’t a large amount of power, but it has emerged over a period of less than 20 months and is distributed nationwide. Almost 1,900 households and 600 companies will receive electricity from their roofs during every hour of sunshine throughout the lifespan of their solar panels, over the next 20-plus years, and will use it in homes and businesses, while exchanging the surplus with the power system.

This exchange of surplus power was enabled thanks to amendments to legislation that were introduced in 2021 and 2022 and established one of the most modern legal frameworks for energy prosumers, which is how we refer to consumers of electricity who are simultaneously able to produce electricity for their own needs and deliver excess energy produced to the grid. From the moment they decide to shine from their rooftops, prosumers who have power plants with a smaller capacity can – with a dose of good will and a few thousand euros – observe how the electromagnetic forces released from their inverters start powering their devices after just a few days.

When we remember 2023, let’s recall that – apart from terrible pain and suffering – we accelerated a much-needed process as a society: the process of solarising Serbia

Commercial prosumers, who are already confronted by high energy prices, feel only satisfaction and financial relief, and something similar is happening among households that are facing rising prices despite delayed bills. For the price of a ten-year-old used car, you can become an electricity prosumer and a participant in the continuous process of building a sustainable power system.

Let’s also address the caustic sceptics, in which I include myself, and let them know that we are aware that rooftop solar plants won’t be able to replace electricity produced, with enormous effort and weak productivity, from brown coal. But provided they are directed properly, these solar arrays can quickly generate millions of megawatt- hours across Serbia, in places where energy is consumed, and involving tens of thousands of citizens in the building of a sustainable energy system. The Republic of Serbia has used taxpayer funds to further encourage this inclusion. The time has come for the Republic of Serbia to look to the millions of those who are unable to participate in energy transition in this way and direct this money and other funds towards eradicating energy poverty.

Comment by Zoran Panović

Diplomatic Twine

German politician Markus Söder promised to support Serbia on its EU journey. According to the German media, Söder is making “diplomatic twine” in his...

Branka Anđelković, Co-founder and Programme Director of the Public Policy Research Centre

An Even Bigger Grey Market?

In the case of workers of the platform employed in food production and passenger transport, the Open Balkan initiative might not contribute to the...

Čedanka Andrić, President of Trade Union Confederation NEZAVISNOST

Increased Competition Between Low-Paid Workers

Considering educational qualification and unemployment structures in Serbia, my opinion is that this measure could only increase the pressure on workers in Serbia to...

Jelena Jevtović, Serbian Association of Employers

Employers Will More Quickly Find Workers

The employing of citizens of these two countries in Serbia could ease the labour shortage problem, but fundamentally resolving it requires education system reform It...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

Chinese President Xi Jinping to Embark on Official Visit to Serbia

The press office of Serbian President Aleksandar Vucic announced that Chinese President Xi Jinping will be visiting Serbia on...

High-Speed Rail Link Between Novi Sad and Budapest Set to Start in Decembar 

The main track on the high-speed rail section from Novi Sad to Budapest has been successfully connected at the...

Mattoni 1873 Completes Acquisition of Knjaz Miloš for €90 Million

Mattoni 1873, the titan of mineral water and non-alcoholic beverages in Central Europe, has just elevated its portfolio by...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...

Serbia to Receive €1.63 Billion in EU Funding for Western Balkans Growth Plan

Serbia is set to receive €1.63 billion as part of the new Western Balkans growth plan over the next...

EU Parliament Passes Stringent Packaging Laws

In a decisive move, the European Parliament has passed new regulations aimed at significantly reducing packaging waste, setting ambitious...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Maserati’s Balkan Expansion: New Showroom Opens in Belgrade

Delta Auto Group has unveiled an exclusive Maserati showroom in Belgrade, setting new luxury benchmarks in line with the...

Peter Pellegrini Wins Slovak Presidential Election

Peter Pellegrini, the candidate from the ruling coalition, won the second round of the presidential elections in Slovakia, securing...
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