Police continue to investigate in state-owned power company

The police will continue to investigate the commercial electricity trade conducted by the now former company EPS Snabdevanje, RTS is reporting.

Source: Beta
EPS logo
EPS logo

According to media reports, EPS, Serbia's state-owned electric utility company, lost about 300 big customers because EPS Snabedevanje's former management increased the price of electricity for such customers.

EPS Snabedevanje was last June merged with EPS.

President of the EPS Supervisory Board Branko Kovacevic said on Tuesday that "about ten" managers have been replaced due to "abuses."

He also stressed that checks of the EPS business were still undergoing, and that once completed, the damage done to the company will be known.

Prime Minister Aleksandar Vucic has been quoted as saying that he received "a pile of papers" concerning the situation in this public enterprise, but that he was "yet to even take a look at them," and would be dealing with the issue "in the coming days."

Business & Economy

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