EPS should be restructured – Serbia, 30 June 2016

The World Bank Director for Southeastern Europe Ellen Goldstein said that Serbia is on a path of economic recovery, but the key for faster growth of its economy is the reform of inefficient state sector and above all state-owned power utility EPS.
She explained that if nothing is done today, EPS will spend more than it earns and in up to five years these expenditures will reach 2 billion euros. The company must increase its revenues, must deal with excess employees and investments. In order to speed up economic growth and create new jobs, two things are important: to address the problem of inefficient state sector and to free the capacity for private sector by creating good business environment for investments and exports, she concluded.

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