Serbia and the European Union have signed an agreement for a EUR 165 million energy support package.

by Cristian Florescu

The European Union and Serbia have signed a financial agreement for an energy support package worth 165 million Euros. The grants, announced in October of 2022, are mostly intended for measures to mitigate an energy crisis.

The EUR 165 million will be used to fund various energy-related initiatives in Serbia, including assistance for vulnerable households and businesses, subsidies for energy efficiency and renewable energy, energy sector reforms, and the introduction of renewable energy auctions.

The ceremony for signing the document was held at the National Dispatch Center of the country’s electricity transmission system operator Elektromreža Srbije (EMS). The paper was signed by Serbia’s Minister of European Integration Tanja Miščević and Deputy Head of the EU Delegation to Serbia Plamena Halačeva, in the presence of the Head of the EU Delegation Emanuele Giaufret, President of Serbia Aleksandar Vučić, Minister of Finance Siniša Mali, Minister of Mining and Energy Dubravka Đedović, and Jelena Matejić, Director of EMS.

Emanuele Giaufret argued that the financial agreement for the energy support package is a clear demonstration of EU solidarity towards Serbia and its citizens.

He said that the funds will help vulnerable families and entrepreneurs cope with the energy crisis by enhancing energy security in Serbia and supporting the government’s energy roadmap and the energy transition.

The European Union is firmly committed to the Western Balkans region, including Serbia, according to Giaufret’s statement.

The European leaders confirmed their commitment to tackling the migrant crisis at the summit in Tirana in December and explained that they are not just paying lip service to the issue, but are taking concrete steps to address it.

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