Vucic: Strategic companies in Serbia will not be majority foreign-owned

Companies of strategic importance for the country, such as Elektroprivreda Srbije (EPS), will not be majority foreign-owned, Serbian President Aleksandar Vucic said.

– We want to buy everything in the region, from the Croatian electric power company, to the Bosnian and Herzegovian, Montenegrin, at the highest price – Vucic told RTS.

He added that some large companies that had been sold to foreigners would be domestically owned again.

– A taxi service does not have to be publicly owned, but is everywhere in private hands, whether it will be partly owned by Russians, partly by Serbs, it can also be owned by a third party. It is not something that represents strategic importance for the country, such as EPS, Telekom, NIS – said Vucic.

When it comes to energy, as he stated, Serbia should have a large nuclear power plant in 2041.

– I have important discussions with the French EDF about nuclear power plants in the future, to see how we can educate and train people. France draws 90% of its energy from nuclear power plants, so it is clear to you that they have no problems with electricity, artificial intelligence. That is why we have to prepare for the future – said Vucic.

Regarding the price of oil and oil derivatives, he said that the state would offer oil companies oil derivatives from commodity reserves so that diesel would not be more expensive than 210 dinars per liter.

– Now the price of diesel, if we were to go by that, should be 246 dinars per liter. We cannot allow that, because we would encourage inflation – said Vucic.

He added that the state would offer reserves at lower prices so that oil companies could earn a margin and that there would be no shortage of derivatives because there were only 93 days left of oil.

He pointed out that according to the law, the excise tax could be reduced by a maximum of 20%, which was about 15 dinars, so diesel would have to cost 231 dinars.

– Diesel can go up by four or five dinars at most – he said and asked what to do if oil prices rose to 150 dollars.

Elektroprivreda Srbije ad Beograd

NIS a.d. Novi Sad

Telekom Srbija a.d. Beograd

Elektroprivreda Srbije

Naftna industrija Srbije ad Novi Sad

Telekom Srbija

Aleksandar Vučić

strategic companies

prices of oil and oil derivatives