GSP Belgrade Suppliers Threaten Gas Cutoff From Nov. 4
The Centar union says GSP owes 600 million dinars (~5.1 million EUR) for gas and nearly 900 million for diesel, and EPS has sent a final warning.
GSP Belgrade owes 600 million dinars (~5.1 million EUR) for bus gas, and deliveries could stop on November 4, according to a notice the company has received. The Centar union said so, and its president, Ivan Bankovic, presented the figures on the morning of October 29, 2026.
How much does GSP Belgrade owe for gas and fuel?
The union cites three amounts. Euro values are converted at a rate of about 117 dinars to the euro.
- Bedem, bus gas: 250 million dinars (~2.1 million EUR)
- Cryo gas, bus gas: 350 million dinars (~3.0 million EUR)
- diesel fuel: nearly 900 million dinars (~7.7 million EUR), with the supplier not named in available sources
Together, the three amounts come to about 1.5 billion dinars (~12.8 million EUR). We previously wrote only about the delay in advance pay to workers, when the director blamed OTP Bank. Debts to energy suppliers are now stated in figures for the first time.
What does the final warning from Elektroprivreda Srbije mean?
According to Bankovic, Elektroprivreda Srbije has sent a final warning before cutting off electricity, over bills that have gone unpaid for months. A cutoff would hit office buildings, transport depots and the power supply for the trolleybus and tram network. The statement does not give a date for the disconnection.
Who has been working for GSP without pay for months?
The debt is not owed only to suppliers. Bankovic claims that the private firms that maintain the buses, DAT Holding, MPN Promet and SDT Group, are owed several hundred million dinars in total. He blames the city budget:
“This situation is beyond the company’s control, because the accumulated debts to suppliers are the result of money not being paid out from the budget of the City of Belgrade.”
In his words, those firms have been put in an unenviable position and have effectively worked for free for months. If a solution is not found urgently, Bankovic warns, GSP will have to reduce the number of vehicles on the road. Enforced collection is also possible, meaning a freeze on the company’s accounts.
What does the union want from Mayor Sapic?
The union has appealed publicly to Belgrade Mayor Aleksandar Sapic, who, it says, was shown the figures two days before the statement. Bankovic said:
We publicly ask Belgrade Mayor Aleksandar Sapic, who was given these figures in detail two days ago, when and how he intends to resolve these problems, for which the still-sitting city administration is mostly to blame. We understand that the mayor does not ride public transport, but almost a million Belgrade residents use it, and all of those citizens, as well as more than 5,000 GSP employees, deserve concrete answers and a solution to this crisis without delay. Otherwise, Sapic and his associates will be held responsible for any consequences for citizens and employees.
As of publication, GSP management and the City of Belgrade have not responded to the union’s claims. All figures and claims about the causes of the debt come from the Centar union’s statement, and there is no independent confirmation of the amounts.
