Jelena Tadić, Executive Director, PPP Investment

Public Private Partnership Value For People

Serbia has become a leader in the region in the application of the PPP model because we were capable to recognise that we live in a time of enormous challenges in the financial and economic sense, but also in terms of preserving human health and the environment. As existing public resources are not enough to meet all the challenges, we have placed more confidence in private capital

The European PPP Expertise Center (EPEC) and the UN Economic and Social Council (UNECE) have published new manuals for the implementation of PPP projects. According to Jelena Tadić, they overcome the previous weaknesses in the implementation of PPP and define the methodology for evaluating PPP for the goals of sustainable development.

Today, more than ever, we need private initiatives and the use of private capital to overcome challenges in the public sector. Is a public-private partnership the right model for this?

Combining the public with the private sector in the right way, especially through a PPP model, creates additional value for both public and private partners in terms of reducing public expenditures, making transparent profits for private partners, increasing the quality of public service, caring for the environment and especially satisfying end users. In practice the PPP model has shown the need for continuous development, and the legal and procedural framework has to follow these changes.

International financial institutions provide a high-level framework for conducting public-private partnership procedures and facilitate states in preparing the legislative framework.

In practice the PPP model has shown the need for continuous development, and the legal and procedural framework has to follow these changes

Is Serbia far ahead of other countries in the region in terms of public-private partnerships?

Serbia is definitely the leader in the region in applying the PPP model. Some data show that according to this model, we have invested about three billion euros of private capital in projects that serve to overcome public challenges. More and more local self-governments in Serbia are showing interest in this type of project, in introducing order, especially in utilities, and in providing high quality services for taxpayers’ money.

Does the essential value of the PPP model lie in saving money that can be used for everyone’s benefit?

When analysing the potential of PPPs to promote sustainable development, it is important to keep in mind its limitations and advantages. In order to achieve a social value above their economic value, public-private partnerships must be “fit for purpose”. Through years of development, public-private partnerships have gone from a mere funding tool to an instrument that provides “value for people” and “value for the planet”.

Since time immemorial, women have known how to distribute the household budget, how to save and how to make two dinars from one. Does this also apply to women in public-private partnership projects?

PPP’s investment team is dominated by women. Some with extensive experience in various projects, and some at the beginning of their careers. The common feature of all women in our team is dedication, enthusiasm and professionalism.

When you have these qualities, success is guaranteed in any business you do. Of course, there are many women in other companies, institutions, who are working on the same or similar tasks, with whom we are happy to cooperate and who make a great contribution to the development of PPP models in Serbia.

Prof. Dr. Ioanna Batsialou, Director and Owner of Ioanna Regen Polyclinic

Sun YES, Ageing NO

Despite the common belief that medical aesthetic treatments are only performed in winter, our need for care is much greater during the summer, says...

Peter Novak, Managing Director at Kolektor Etra

Transformers for the Most Demanding Consumers

Ljubljana-based Kolektor Etra has a tradition of producing power transformers that dates back over 90 years. It is present with its products in more...

Danijela Bojović, Project and Real Estate Manager, Napred

Napred: Synonymous with Progress

Over the past 75 years, Belgrade-based company Napred has established a formidable presence in 10 countries across three continents. This company has consistently emerged...

Djordje Djokic, Senior Partner, Djokic + Partners

Building a Brand Through Quality

Djokic + Partners is considered one of the top law firms in the banking and financial sectors due to its profound understanding of business...

EU and Serbia Sign Memorandum on Strategic Partnership for Sustainable Raw Materials

In a significant step towards enhancing cooperation in sustainable raw materials, battery production, and electric vehicles, the European Union...

Biden Ends Re-Election Bid, Backs Harris as Democratic Nominee

President Joe Biden has ended his re-election campaign, endorsing Vice President Kamala Harris to succeed him, after many Democrats...

Andrej Plenković Re-Elected as HDZ Leader with Overwhelming Majority

Andrej Plenković has secured another term as the leader of the Croatian Democratic Union (HDZ), winning 84,786 votes in...

Serbia and Egypt Sign Landmark Free Trade Agreement

In a significant move to bolster economic ties, Serbia and Egypt have signed a Free Trade Agreement along with...

United States Adds $18 Million In New Funds To Development Partnership With Serbia

Today, the United States Government, through the United States Agency for International Development (USAID), announced an additional $18 million...