Sitemap

EBRD invested €395 million in Serbia in 2018

More...

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in...

News

Italy Sends Serbia The Medical Team To Help Fight COVID19

The Italian Embassy in Belgrade announces that a six-member medical team has arrived in Serbia: two anesthesiologists, one emergency...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed...

Air Serbia Introduces New Measures Due To Coronavirus

Due to the coronavirus pandemic, Air Serbia re-introduced flight bans and travel restrictions and is forced to further adjust...

EU Donates €16m For Water Transport Projects

The European Commission approved non-repayable funds in the amount of €16 million for financing projects in the field of...

Serbia Introduces New Measures To Curb Coronavirus

At the suggestion of the COVID-19 Crisis Response Team, the Serbian government is introducing new measures regarding the prevention...

The EBRD confirmed its commitment to Serbia in 2018, with investments of €395 million in 18 new projects.

Fostering competitiveness of the private sector, supporting regional expansion of Serbian companies, increasing regional connectivity and supporting the green economy remain key priorities of the Bank’s investments in the country.

Total EBRD investments in Serbia have now topped the €5 billion markers.

In investments to promote the private sector, the Bank channelled close to €200 million in credit lines, trade financing and guarantees to local commercial banks that will be used for on-lending to local small and medium-sized enterprises (SMEs). Serbian SMEs will now have easier access to finance, which helps them improve their energy efficiency and competitiveness and to facilitate trade.

In its first public-private partnership project in Serbia, the EBRD in 2018 mobilised significant amounts of private finance to fund a major modernisation of the Nikola Tesla airport in Belgrade, Serbia’s main air transportation hub that serves the country and the wider region.

Improving transport links in Serbia was further supported with an additional €22 million loan to Serbia’s national passenger railway company, Srbija Voz, which will use the funds for construction of a new railway depot in Zemun.

Boosting the growth of Serbian companies, in 2018 the Bank supported domestic furniture producer Forma Ideale with €10 million and the leading agribusiness company MK Group with €25 million, helping to promote the expansion of both companies.

Last year also saw a launch of the Green Economy Financing Facility in Serbia, supported by the European Union, Austria and Energy Community, which allows Serbian citizens to benefit from loans coupled with incentive grants to help them improve the energy efficiency of their homes and to reduce electricity bills. In 2018, two local banks, Erste and UniCredit, started providing financing for energy efficiency improvement to Serbian households.

Further fostering the green economy in Serbia, the EBRD successfully implemented a Green Innovation Vouchers programme that boosts the innovation capacity of Serbian companies in the field of green technology and resource efficiency. In its first year, the EBRD-run scheme supported 29 projects with vouchers worth a combined €435,000. The programme is set to continue in 2019.

In the agriculture sector, the EBRD, working with the Food and Agriculture Organization of the United Nations and the Serbian Grain Association, helped Serbia fulfil the phytosanitary requirements needed to export wheat to Egypt, the world’s largest importer of the crop. The achievement came 30 years after  Serbia stopped exporting wheat to Egypt, and is likely to lead to increased sales of grain, Serbia’s highest value agricultural export.

In 2018, Serbian SMEs continued to benefit from advisory services to improve know-how and export potential. 63 Serbian companies received advisory and coaching while even more women managers improved their leadership skills.

Related Articles

Sir Suma Chakrabarti Leaving EBRD

EBRD President Sir Suma Chakrabarti announced today he is leaving the post after 8 years. Leaving @EBRD on 2 July after 8 years as President. —...

MK Group Offers Free Stay In Its Hotels For Doctors And Medical Staff

MK Group, led by its president Miodrag Kostić, announced it will give away a free three-day vacation for medical workers in Serbia, Slovenia and...

EBRD Supports Western Balkans Fight COVID19

The European Bank for Reconstruction and Development (EBRD) is planning a sharp rise in financing for the Western Balkans this year and has stepped...

Norwegian Embassy, Ministry of Public Administration and NALED Provide Protective Equipment for 620 Inspectors

The Embassy of the Kingdom of Norway, in cooperation with NALED and the Ministry of State Administration and Local Self-Government, provided masks, gloves, visors...

Business sector and individuals in the fight against coronavirus

The list of donations of the business sector, business and sports associations, charities and individuals is getting longer daily, with the donors allocating significant...

New contact centres and information platforms

The government of Serbia has established a single contact centre "COVID-19" at number 19819. By calling this number, citizens can get advice and recommendations...

10 measures for supporting businesses and jobs during and after the Coronavirus pandemic

In addition to finding the ways to protect people's health and save lives, which is the first and most important goal, the Coronavirus pandemic...

EBRD supports growth of SIAD Group in Serbia

€7 million loan to industrial gas supplier for the construction of a filling station near Belgrade • EBRD loan of €7 million to Istrabenz Plini...