Serbia, Low energy prices in the country will have to be increased

Head of the International Monetary Fund (IMF) mission to Serbia Donal McGettigan said that low energy prices in the country will have to be increased, along with the complete reorganization of the energy sector.

McGettigan reminded that Serbia was among the first countries that helped vulnerable categories of the population through low energy prices, but that now is the time for changes in the energy sector.

These changes, in addition to the increase in energy prices, include changes in the state-owned energy companies, above all power utility EPS, which should be transformed into a joint-stock company and get a new management, said McGettigen and assessed that EPS found itself in a bad financial position due to its poor management.