Serbia hopes South Stream construction will bring jobs

12 July 2013
By Tereza Pultarova
Mobile version
Share |
Serbia hopes South Stream will kick-start the country's economic recovery

Serbia hopes South Stream will kick-start the country's economic recovery

Serbia’s Prime Minister Ivica Dacic has confirmed the South Stream natural gas pipeline is the country’s utmost priority and voiced hopes the venture will boost Serbia’s economy.

Construction of the pipeline, expected to reach Serbia in December this year, has a widespread support in the Balkan country with 73 per cent of Serbians supporting the construction in a recent poll.

Speaking at a conference in Bulgaria’s capital Sofia, organised by Natural Gas Europe, Dacic said the South Stream pipeline is Serbia’s key objective and will help to contribute to Serbia's ambitions to become a regional energy hub.

South Stream, bringing natural gas from Russia across the Black Sea to Bulgarian Varna and then further through Serbia, Hungary and Slovenia to Italy and Austria, is competing with the Nabucco Pipeline, foreseen to go through Turkey to central Europe.

The project, officially launched in December 2012, will eventually span 2,446 km.  

Dacic said South Stream is the most significant international project Serbia is currently involved in. "It will be key to the country's economic development, ensuring job creation, and energy security for the region,” he said while reassuring the country will take all necessary measures to ensure maximum environment protection.

Serbia, ravaged in the 1990s during the Yugoslavian conflict, believes the construction might help kick-start the much needed economic recovery. "We used to say energy for democracy. Today I can say that means we need energy for the industrial and economic rejuvenation of our regions and our country,” said Zorana Mihajlovic, Serbian Minister of Energy. “Without new infrastructure projects, it is not possible to expect economic recovery, or an influx of foreign direct investment."

Mihajlovic has further outlined Serbia’s aspirations to build new gas plants, which, the country believes, will create about 1000 jobs and bring €400m annual revenues in electricity exports. “We expect that the construction of South Stream will enable us to decrease natural gas prices in the Serbian market, which will further encourage development," she said.

Latest Issue

E&T cover image 1605

"We visit Barcelona, one of the smartest cities in the world, to find out what makes it so special. What does it look like and what is the future?"

E&T jobs

  • Senior Development Engineer, Electronics

    Premium job

    Helmet Integrated Systems / Gentex Corporation
    • Letchworth Garden City, Hertfordshire
    • Competitive

    We are an innovative, robust and fast growing business, whose main focus is to deliver continues improvement to existing products and offer new sol..

    • Recruiter: Helmet Integrated Systems / Gentex Corporation

    Apply for this job

  • Smart Grid Research Engineer

    Premium job

    University of Strathclyde
    • Cumbernauld, Glasgow
    • Grade: 6/7* £26,537 - £37,768*

    Work as part of a growing dynamic team on a wide range of technical projects with particular emphasis on experimental validation and testing

    • Recruiter: University of Strathclyde

    Apply for this job

  • Electrical Asset Specialist

    Affinity Water
    • Hatfield, Hertfordshire

    Responsible for updating and writing electrical engineering standards, approved codes of practice and safe systems of work

    • Recruiter: Affinity Water

    Apply for this job

  • Senior Electronics Engineer

    York Instruments
    • York, North Yorkshire

    Senior electronics engineer to work as part of a team developing an MEG imaging system; working with the engineering team and external contractors.

    • Recruiter: York Instruments

    Apply for this job

  • Manufacturing Engineer - Circuit Card Assembly

    MBDA
    • Lostock Junction
    • Competitive Salary & Benefits

    What’s the opportunity?   Manufacturing UK is an integral part of the Operations Directorate whose principal mission is to ensure that MBDA’s deliverable commitments are met...

    • Recruiter: MBDA

    Apply for this job

  • High Voltage Engineer

    Premium job

    Essex X-Ray & Medical Equipment
    • Great Dunmow, Essex

    This High Voltage Engineer will provide design leadership for high voltage cable assemblies up to one megavolt.

    • Recruiter: Essex X-Ray & Medical Equipment

    Apply for this job

  • Team Leader - Flank Arrays

    BAE Systems
    • Barrow-In-Furness, Cumbria, England
    • Negotiable

    Team Leader - Flank Arrays Would you like to work in a unique role within the construction of the Astute Class submarines? We currently have a vacancy for a Team Leader - Flank Arrays at our site in Barrow-in-Furness. As a Team Leader - Flank Arrays, you

    • Recruiter: BAE Systems

    Apply for this job

  • Electronics and Software Engineer

    Copley Scientific Ltd
    • Nottingham
    • circa £35,000 per annum + bonus

    Develop new test equipment for the pharmaceutical industry. Good opportunities to grow and develop. Successful family-owned and managed business.

    • Recruiter: Copley Scientific Ltd

    Apply for this job

  • Bridge Test Facility Manager

    BAE Systems
    • Shropshire, Telford, England
    • Negotiable

    Bridge Test Facility ManagerWe currently have a vacancy for a Bridge Test Facility Manager at our site in Telford with our Land UK business.As the Bridge Test Facility Manager, you will be part of our Test & Trials team, working closely with the Mili

    • Recruiter: BAE Systems

    Apply for this job

  • Intelligent Transport Systems Engineer - Highways Technology

    Premium job

    Mott MacDonald
    • Birmingham, West Midlands

    Our transport technology team in Birmingham is currently growing a highly skilled and customer-focused team to...

    • Recruiter: Mott MacDonald

    Apply for this job

More jobs ▶

Subscribe

Choose the way you would like to access the latest news and developments in your field.

Subscribe to E&T