The European Bank for Reconstruction and Development (EBRD) plans to finance projects worth a total of EUR 600 million in Serbia in 2020, and the majority of the funds will be directed at environmental protection, Zsuzsanna Hargitai, the EBRD Regional Director for the Western Balkans, said.
“Most investments, around 70%, will go to the private sector, whether through local financial institutions or directly, and 30% will end up in the public sector,” Hargitai announced.
According to her, the EBRD will mostly invest in environmental protection, whether through renewable energy sources, circular economy, green cities or the smart measuring programme at the Electric Power Industry of Serbia (EPS). Hargitai also announced efforts to implement a capital market strategy.
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“We will work with financial institutions, the Government of Serbia and the Ministry of Finance, on implementing a capital market strategy and preparing state companies for entering the stock exchange. We would like to see a more active capital market in Serbia,” Zsuszanna Hargitai added.
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