fossil fuels Archives - Doing Business in Serbia - Serbia business country gateway, companies industry sectors

Serbia to replace fossil fuels with renewable energy in 10 cities through major district heating modernization project

August 5, 2025

The Ministry of Mining and Energy announced that renewable energy sources will replace fossil fuels in 10 cities and municipalities across Serbia. This transition...

The subsidies for fossil fuels cost Serbia more than 11 billion dollars annually

January 11, 2024

In Serbia, subsidies for fossil fuels exceeded 11 billion dollars in 2022, according to estimates from the International Monetary Fund (IMF). Of this amount, as...

Fossil fuels will peak by 2030: Renewable sources a solution for Serbia

December 21, 2023

The use of fossil fuels is expected to peak by the end of this decade, according to this year's report from the International Energy...

Serbia, What consequences would we feel after a large increase in fuel prices?

April 20, 2023

A large increase in the price of fuel is possible if it turns out that the legislators’ assessment was not good, experts warn. The rise...

The EU will enable the Western Balkans to continue buying fossil fuels from Russia

March 22, 2022

The European Union is working to clarify a new set of sanctions against Russia in order to enable the countries of the Western Balkans...

There is no need to panic, making oil reserves is not justified

March 4, 2022

Professor of the Faculty of Economics, Finance and Administration (FEFA) Goran Radosavljevic says for H1 there is no room for fear and panic when...

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