Press Release: Serbia: EIB’s EUR 1.4bn financial crisis plan for closer relations with EU

The European Investment Bank (EIB) launched a programme for 2009 in Serbia aimed at combating the financial crisis and bringing the country closer to the European Union. Today in Belgrade, a first loan of EUR 250m for small and medium-sized enterprises (SMEs) and priority projects in the country, via the National Bank of Serbia, was signed. This is the first in a series of operations that are expected to see the EIB support Serbia’s real economy in 2009-2010 with loans worth over EUR 1.4bn aimed to support the recovery of Serbian economy and pave the way towards European integration.

At the same time, the EIB and the Republic of Serbia signed a new Framework Agreement aimed at laying down the EIB activity in Serbia.