Speaking at a press conference at which results of the Ministry's work in the past two years were presented, Naumov said that the Ministry rounded up the legal and legislative framework on the operation of energy entities in Serbia. He said that the Law on energy was adopted, as well as the Strategy of Energy Development to 2015. In addition, the public companies were reorganised and
the South East Europe Energy Community Treaty was signed.
Naumov said that the adoption of the Law on energy speeded up the process of integration of Serbia's energy system into that of Europe, adding that Serbia has become a part of the third largest market in the world, the Pan-European community.
The adoption of this law set up a clear legal framework for reorganisation of the Serbian Electric Power Industry (EPS) and the Oil Industry of Serbia (NIS), but it was also made clear that Serbia wants to prevent the national energy companies from being sold.
The Strategy of Energy Development to 2015 contains strategic planning of energy development harmonised with overall growth in economic activity. The document was adopted in the Serbian parliament after an exhaustive technical discussion.
Naumov said that the most important goal for the upcoming period is the preparation of remaining by-laws that will allow for introduction of new rules of work, business operation and development of Serbia's energy sector, as well as the participation of foreign and private capital in construction of new energy facilities.
The second most important goal which stems from the Law on energy is the preparation of a programme for implementation of the Strategy of Energy Development to 2015, for all energy production sectors - Srbijagas, Transnafta, NIS, EPS, the Electric Network of Serbia (EMS) and communal power plants.