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MK Fintel Wind
MK Fintel Wind is a Serbian renewable energy company. It is a joint venture between MK Group and the Italian Fintel Energia Group. History MK Fintel Wind was established on 6 March 2008. The company was the first to build and operate wind farms in Serbia. As of September 2016, the company had two wind farms in Serbia ("Kula" and "La Piccolina"), with 16.5 MW of installed capacity. In February 2018, MK Fintel Wind announced that it has signed an 81.5 million euros loan to finish the first phase of the construction of Košava wind farm, located near the city of Vršac. On September 23, 2019, "Košava 1" wind farm with capacity of 69 MW was opened; it was company's third opened wind farm in Serbia. See also * Energy in Serbia Energy in Serbia describes energy and electricity production, consumption and import in Serbia. History On 6 October 1893, the first Serbian power plant, located in the Dorćol urban neighborhood of Belgrade, began production of electricity. In ... Refer ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Electric Utility
An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major provider of energy in most countries. Electric utilities include investor owned, publicly owned, cooperatives, and nationalized entities. They may be engaged in all or only some aspects of the industry. Electricity markets are also considered electric utilities—these entities buy and sell electricity, acting as brokers, but usually do not own or operate generation, transmission, or distribution facilities. Utilities are regulated by local and national authorities. Electric utilities are facing increasing demandsBy Candace Lombardi, CNET. Utilities: Green tech good for planet, bad for business” February 23, 2010. including aging infrastructure, reliability, and regulation. In 2009, the French company EDF was the world's largest prod ...
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Belgrade
Belgrade ( , ;, ; Names of European cities in different languages: B, names in other languages) is the Capital city, capital and List of cities in Serbia, largest city in Serbia. It is located at the confluence of the Sava and Danube rivers and the crossroads of the Pannonian Basin, Pannonian Plain and the Balkan Peninsula. Nearly 1,166,763 million people live within the administrative limits of the City of Belgrade. It is the third largest of all List of cities and towns on Danube river, cities on the Danube river. Belgrade is one of the List of oldest continuously inhabited cities, oldest continuously inhabited cities in Europe and the world. One of the most important prehistoric cultures of Europe, the Vinča culture, evolved within the Belgrade area in the 6th millennium BC. In antiquity, Thracians, Thraco-Dacians inhabited the region and, after 279 BC, Celts settled the city, naming it ''Singidunum, Singidūn''. It was Roman Serbia, conquered by the Romans under the reign ...
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Serbia
Serbia (, ; Serbian language, Serbian: , , ), officially the Republic of Serbia (Serbian language, Serbian: , , ), is a landlocked country in Southeast Europe, Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hungary to the north, Romania to the northeast, Bulgaria to the southeast, North Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Montenegro to the southwest, and claims a border with Albania through the Political status of Kosovo, disputed territory of Kosovo. Serbia without Kosovo has about 6.7 million inhabitants, about 8.4 million if Kosvo is included. Its capital Belgrade is also the List of cities in Serbia, largest city. Continuously inhabited since the Paleolithic Age, the territory of modern-day Serbia faced Slavs#Migrations, Slavic migrations in the 6th century, establishing several regional Principality of Serbia (early medieval), states in the early Mid ...
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MK Group
MK Group (Serbian Cyrillic: МК Група) is a Serbian holding company which operates in the agriculture, banking, and tourism sector. The company was established in 1983 and has since expanded its business operations across South East Europe with a special focus on 4 countries in the region: Serbia, Slovenia, Croatia and Montenegro. History In 1983, Serbian economist and businessman Miodrag Kostić began a private business, initially as an owner of a private company for trade, import-export and manufacturing activities. MK Group now operates in several countries: Serbia, Slovenia, Croatia and Montenegro. Divisions Agribusiness Since 2000, MK Group has managed sugar industry factories (factories Pećinci, Vrbas, Kovačica), more than 10 agribusiness enterprises, trade and warehouse complexes ("Granex-port", "Žito Bačka"). Sunoko, a subsidiary of MK Group, is one of the leading companies in sugar production both in Serbia and the region. In 2011, MK Group took over "Carn ...
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Taxation In Serbia
Taxation in Serbia consists of the following; the standard corporate tax rate in Serbia is 15%, although some deductions might apply. The standard VAT rate is 20% and the lower rate is 10%. Income from dividends is a subject to a 15% tax. Serbia has tax treaties with most countries in, but few outside, Europe. The standard personal tax rate is 10%. If the individual earns more than 3 times average salary, an additional tax rate of 10% is applied. For a person earning six times the average salary, an additional 15% is applied on top of the previously described taxes. It must be clear that all the tax rates described are cumulatively applied, one on top of the other. Obligatory contributions for state funds by an employee (up to a certain amount) include: * 14% state pension fund * 5.15% state health fund * 0.75% unemployment insurance Obligatory contributions for state funds by an employer (also capped) include: * 12% state pension fund * 5.15% state health fund * 0.00% unemploy ...
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Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ...
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Vršac
Vršac ( sr-cyr, Вршац, ; hu, Versec; ro, Vârșeț) is a List of cities in Serbia, city and the administrative centre of the South Banat District in the autonomous province of Vojvodina, Serbia. As of 2011, the city urban area had a population of 35,701, while the city administrative area had 52,026 inhabitants. It is located in the geographical region of Banat. Name The name ''Vršac'' is of Serbian language, Serbian origin, ultimately deriving from Proto-Slavic wikt:Reconstruction:Proto-Slavic/vьrxъ, *vьrxъ, meaning "summit" In Serbian, the city is known as Вршац or ''Vršac'', in Romanian language, Romanian as ''Vârșeț'', in Hungarian language, Hungarian as ''Versec'' or ''Versecz'', in German language, German as ''Werschetz'', and in Turkish language, Turkish as ''Virşac'' or ''Verşe''. History There are traces of human settlement from the paleolithic, Palaeolithic and Neolithic periods. Remains from two types of Neolithic cultures have been discovered ...
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Energy In Serbia
Energy in Serbia describes energy and electricity production, consumption and import in Serbia. History On 6 October 1893, the first Serbian power plant, located in the Dorćol urban neighborhood of Belgrade, began production of electricity. In 1900, the first alternating current hydroelectric power plant ''Pod gradom'' in Užice on the river Đetinja went online. The first alternating current transmission line from hydroelectric power plant ''Vučje'' to Leskovac, with the length of , went online three years later. In 1909, hydroelectric plants ''Gamzigrad'' in Zaječar and ''Sveta Petka'' in Niš began to build. Two years later, the hydroelectric power station on the river Moravica in Ivanjica was put in the operation. In Belgrade, the power plant ''Snaga i Svetlost'' was built in 1933, being one of the largest in the Balkans at that time. The establishment of the ''Električno preduzeće Srbije'' followed in 1945. Between 1947 and 1950, the hydroelectric power plant ''Sokolo ...
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Energy Companies Of Serbia
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass when ...
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