EIB lends €10.3mn to air traffic services in Serbia and Montenegro

By bne IntelliNews June 17, 2021

The European Investment Bank (EIB) said on June 17 it will lend €10.3mn to Serbia and Montenegro Air Traffic Services SMATSA to improve efficiency and safety of air travel.

SMATSA manages the air traffic over the two countries and controls corridors that are key regional, European and global air routes used by tens of millions of passengers and cargo operators from across the globe.

“The EIB funds will enable SMATSA to upgrade the reliability and interoperability of its air traffic control services and align them with the Single European Sky (SES) regulations, an EU-level policy introduced to better connect Europe by offering a single regulatory framework for air transport,” the EIB said in the statement.

The funds should also boost connectivity across Europe and increase the quality of core air transport infrastructure and services, contributing to more efficient regional travel.

The EIB previously lent SMATSA €45mn for modernisation of air navigation systems.

Related Articles

“Yuanisation” of Russian economy continues as volume of yuan trading on the Moscow Exchange rises

The yuan became the third most traded currency in terms of volume of foreign exchange trading on the Moscow Exchange in July and will soon take second place, The Bell reported on August 8. Cut off ... more

Naftogaz to defer eurobond repayments for two years

Ukraine’s largest state-owned oil and gas company Naftogaz has asked bondholders of nearly $1.5bn of bonds to defer coupon payments by two years, Interfax reported on July 12. ... ... more

Ukrainian Railways pays $36mn coupons on its Eurobonds

Oleksandr Kamyshyn, CEO of Ukraine’s state-run railway operator JSC Ukrainian Railways, announced via Telegram that the company had paid coupons on its Eurobonds due in 2024 and 2026 on July 11. ... ... more

Dismiss