serbia

Serbia: EPS to invest 450 million euros in Kolubara lignite mine 

EPS is investing 450 million euros in new equipment at the Kolubara coal mine to increase its production capacity, the energy ministry Dubravka Djedovic Handanovic said in a press release. The investment also involves the launch of replacement production capacities to enable the exploitation of coal from surface mines, as well as the construction of […]

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EPS doubles its profit in Q1

The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to

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EU strategic plans rely on Serbian lithium

The prospect of lithium extraction in Serbia has reignited fears of environmental devastation among its citizens, following the European Commission’s (EC) announcement of negotiations regarding a memorandum on critical raw materials. Despite vocal opposition to lithium mining, particularly concerning potential ecological disasters, Maroš Šefčovič, the European Commissioner for the “Green Plan,” revealed progress in finalizing the memorandum, focusing

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Serbia: Energy-intensive companies seek state support in the decarbonisation process

Companies in Serbia are not afraid of decarbonisation and the European Union’s Carbon Border Adjustment Mechanism (CBAM), but they are worried that the state does not recognise what needs to be done to help the affected industries protect jobs and maintain competitiveness. Producers of cement, steel, aluminium, and mineral fertilisers claim they need neither money

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