Sitemap

U.S. Adds $20.3 Million In New Funds For Assistance To Serbia

CorD Recommends

European Parliament Passes Groundbreaking AI Law

The European Parliament has adopted the Artificial...

European Parliament Members Endorse Western Balkan Reform and Growth Instrument

Members of the European Parliament's committees on...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position...

Balkan Borders Blur as Free Labor Movement Pact Launches

Marking a significant shift in the labor...

EU Passes Landmark Media Freedom Law

The European Council has adopted a groundbreaking law aimed at safeguarding media freedom, pluralism, and editorial independence within the...

Scholz Champions Western Balkans’ Path to Membership

German Chancellor Olaf Scholz, in Slovenia, advocated for quickening the EU accession for the Western Balkans, underlining the importance...

Wiener Städtische Insurance company is the winner of Dobročinitelj (Benefactor) award

The company Wiener Städtische Insurance received the Dobročinitelj (Benefactor) award for socially responsible activities implemented during 2021, 2022 and...

CEB Grants €1.3 Billion Loans to Boost Social Sectors in 11 Countries

The Council of Europe Development Bank (CEB) has sanctioned loans totaling €1.3 billion for 11 member countries, including Serbia...

Serbia Advances in Renewable Energy with Pupin Wind Park Financing

In a significant stride towards renewable energy adoption, Serbia has finalized the financial arrangements for the Pupin Wind Park,...

The United States Government announced an additional $20.3 million in assistance to the Government of Serbia, as part of amendments to existing assistance agreements

These funds will be used to help make Serbia’s economy more competitive, strengthen the rule of law, increase government efficiency, improve the media regulatory environment, and combat corruption.

U.S. Ambassador Anthony F. Godfrey witnessed the signing of the amendments by Minister for European Integration Ms. Jadranka Joksimović and USAID Mission Director Mike de la Rosa.

“With our signatures today, we are also marking a decade of direct partnership with the Government of Serbia. During these ten years, we have achieved a great deal together to advance reforms that are important for Serbia’s democratic and economic development and to the welfare of Serbia’s citizens,” Ambassador Godfrey said, adding, “Working with government institutions to better meet the needs of citizens and businesses — through efforts like introducing e-governance or improving the efficiency and transparency of the courts — brings tangible benefits for everyone. We have helped to remove many of the legal and bureaucratic obstacles to doing business, making Serbia more attractive for domestic and foreign investments. We have also helped Serbian companies to better connect with international markets, which has breathed new life into the economy.”

Minister for EU Integration Jadranka Joksimovic said that “the Republic of Serbia is a country that is conducting accession negotiations and which is determined to realize its development chance and perspective in the European Union in the best possible way. In achieving this strategic goal, the Republic of Serbia will direct all available resources to the adoption and implementation of the acquis in order to reach the standards that will make it an equal member of the European Union.

Along the way, financial support and future cooperation with the United States as a development partner is extremely important for the Republic of Serbia.”

Since 2001 the United States has provided more than $1 billion in assistance to Serbia.

Related Articles

Gold Prices Reach Record Highs Amid Central Bank Acquisition Spree

Gold prices have soared to all-time highs, with experts predicting further increases as central banks globally continue to amass gold in large quantities. According...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position as the world's leading oil producer for the sixth year in a row, with an average daily...

China Surpasses the US in International Patent Filings

In a landmark shift that underscores the rapidly evolving landscape of global innovation, China has for the first time significantly outpaced the United States...

US Ambassador Hill Commends Serbia’s Role in Fostering Balkan Unity

In a compelling affirmation of Serbia's efforts towards regional cohesion, Christopher Hill, the US Ambassador to Serbia, praised the nation's initiative in spearheading the...

China to Build Its Own ‘Starlink’ Satellite Network, Aiming for 26,000 Satellites

China is set to begin construction this year on its own version of Starlink, a satellite internet constellation utilizing low Earth orbit.  According to a...

Global Banks Slash 62,000 Jobs in 2023, Echoing 2007-08 Crisis Levels

In 2023, the world's leading financial institutions cut around 62,000 jobs due to a lack of stability and a decrease in stock market transactions,...

Launch of American-Slovenian Business Club in Washington to Foster Transatlantic Commerce

The American-Slovenian Club (ASC), a novel initiative aimed at guiding businesses into the North American markets of the USA, Canada, and Mexico, has recently...

EU Reaches Preliminary Agreement on Groundbreaking AI Regulation Laws

European Union officials have achieved a tentative consensus on the world's first comprehensive laws governing the use of Artificial Intelligence (AI). Following extensive 36-hour negotiations,...