EBRD invested EUR 2.2bn in Serbia since 2001.

By bne IntelliNews September 17, 2010
The EBRD has invested EUR 2.2bn in Serbia, the EBRD country director, Hildegard Gacek, stated. Gacek said that some EUR 1.9bn have been disbursed in the form of loans, while EUR 375mn has been placed through equity investment in local companies and banks. Gacek also said that the lender will further invest in Serbia, particularly in infrastructure projects, such as energy efficiency projects and railway infrastructure upgrade. The EBRD will also provide funding for agriculture, financial and private sector development. We note that one of the major infrastructure projects in Serbia-construction of transport Corridor 10 is financed jointly by the EBRD and other IFIs. The EBRD, the World Bank and the European Investment Bank are jointly financing the section from Nis in south-eastern Serbia to Dimitrovgrad on the border with Bulgaria. Last year, the EBRD approved 14 projects worth a total of EUR 423mn, which was the Bank's highest level of commitment since it started operating in the country in 2001.

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