EBRD will continue to support Serbia

 
Belgrade/Zagreb, May, 20. 2010 (Serbia today) - The European Bank for Reconstruction and Development (EBRD) plans to invest about EUR 500mn in projects in Serbia this year. The EBRD Director for Serbia Hildegard Gacek announced that these funds will be used for infrastructure, energy, energy efficiency and agriculture projects, and to support Serbian companies. EBRD signed an agreement with Serbia at the beginning of this year for credit worth EUR 200mn, and she said that the plan is to top the record for financing given to Serbia this year. The record amount was EUR 425mn, given in 2009 to Serbia. “We are negotiating the investment of EUR 80mn in improving energy efficiency in small and medium-sized companies, a EUR 100mn credit for the railways, and credit for companies worth EUR 50-100mn,” said Gacek on Saturday at the EBRD General Assembly conference in Zagreb