Improving the commercial performance of public utilities in Serbia
- From: Vol 3, Issue 10 (October 2002)
- Category: General
- Region: Europe
- Country: Serbia
- Related Companies: Hendley Associates, Karanovic & Nikolic, KfW, Lahmeyer International and Stone & Webster
The challenges facing water utilities in Serbia, though similar in many respects to those faced by public sector utilities the world over, starkly reflect ten years of Milosevic rule and the effects of hostilities.
During this period, utilities were starved of investment capital and suffered war damage to a number of key installations, notably pipe bridges over rivers where they were installed in strategic road
bridges destroyed by NATO forces. Equally, concepts of profitability and long-term asset management planning were difficult to square with endless enforced deficits in operating finances and, at best, short-term ...
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