BCCI participated in an International Energy Forum in Belgrade

EnergyNewsSouth-East European INDUSTRIAL Мarket - issue 2/2014

Belgrade hosted an International Forum entitled „Serbia’s role in the Balkans energy market", which the Bulgarian Chamber of Commerce and Industry was represented in by its Secretary General Vasil Todorov. This conference is the continuation of a discussion held in Varna, in April this year, regarding the benefits of the "South Stream" Project for the business.

The event was organized with the partnership between the chambers of commerce of Serbia, Bulgaria and Hungary.
The Forum laid emphasis on the Balkans energy market. Expectations on ensuring the natural gas supplies to Europe were discussed.

Vasil Todorov indicated that big energy projects need to comply with three basic principles: (1) providing undeniable benefits for the business and the public, (2) full transparency in planning and realizing the projects and (3) diversification.

BCCI Secretary General highlighted that in the present period, in regional aspect, coordinated actions of the countries are needed in order to establish a competitive market alternative, to decrease prices and energy costs, to improve exports, to expand the opportunities for diversification and effective use of the renewable energy sources.

More competition is needed in the production of electricity in the Balkans, greater transparency in the award of public contracts for energy projects, including a wider range of experts in the assessment.

The President of the Serbian Chamber of Commerce and Industry Zeljko Sertic and the Head of Department "Strategies and energy policy" with the Ministry of National Development of Hungary - Milos Sipos, also expressed their positive stance on the necessity of coordinated actions for the successful launch and implementation of major energy projects in our region.