The NIS general manager, Kiril Kravčenko, told Serbian President Tomislav Nikolic that as of November 1 a new investment phase worth at least 300 million EUR will start and that its transformation into a power company to produce energy from alternative sources in line with the highest European standards is planned for the forthcoming period.
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The two agreed that on the necessity of cooperation, which would be both in the interest of Serbia and company Gazprom Njeft – the NIS majority owner. Nikolić assessed fuel in Serbia as too expensive compared with the living standard and proposed that the state authorities, together with their Russian partners, find a way of adapting those prices to citizens and economy.
Source Serbia Gov.
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