EBRD allocates € 700-750 million to Serbia, 40 pct to companies

N1

The European Bank for Reconstruction and Development (EBRD) will assign between 1.3 and 1.5 billion Euro together with capital investments to the Western Balkans out of which some 700 – 750 million will go to Serbia, Zsuzsanna Hargitai told N1 on Wednesday.

Some 40 percent of that money will be in support of the companies to deal with the situation caused by the corona pandemic.

Local companies can count on 400 million Euro, while small, middle-size and big companies can apply for loans.

Credit conditions will depend on the economic sectors and risks. Loans for current assets will be for two or three years period, while for investments, the repayment period will be seven years.

The state companies in Serbia can count on 150 million Euro out of a total amount.

„We plan150 million Euro for public enterprises. We have projects in capital investments that are being prepared. We are also in contact with local communal companies to credit their current assets if need be,“ Hargitai said.

Commenting on Serbia’s Government economic measures in the crisis caused by the pandemic, she added they were brought in coordination with the economists and bankers, and it’s essential how that will be implemented.