Scannapieco: EIB fully supports Serbia

In the following period, the European Investment Bank (EIB) will allocate more funds for Serbia to be spent on alleviating the consequences of the migrant crisis, in addition to the usual financial support to infrastructure projects – said EIB Vice President, Dario Scannapieco.

Serbia has picked up pace in implementing projects supported by the EIB, particularly in the segment of infrastructure investments – Scannapieco said in an interview for the December issue of Diplomacy & Commerce magazine.

He goes on to say that the biggest progress has been made in implementing road infrastructure projects, and adds that the bank has also been focusing on supporting SMEs and their innovative capacity which has been recognized as the main driving force behind economic development.

“In the Western Balkans, as well as in the rest of Europe, it is exceptionally important for companies to get the funds needed for innovation, and for them to adopt advanced technology and innovative practices in order to raise their productivity level”, Scannapieco underlines.

The bank will also consider funding other projects pertaining to transportation and energy. EIB’s funds will only complement the European Commission’s technical financial assistance that will range between 25 and 30 million EUR, and investment grants which amount ranges between 100 and 150 million EUR annually, in the period from 2014 to 2020, which are allocated to the Western Balkan countries.

Furthermore, the EIB will continue to support healthcare, education, research & development, judiciary, infrastructure (including the municipal one) and SME sectors.

(Blic, 21.12.2016)

http://www.blic.rs/vesti/ekonomija/skanapieko-eib-ce-podrzati-izgradnju-snazne-srbije/3cyycre

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top
More in EIB, infrastructure
Plans to get Belgrade a new face
Infrastructure: China and Serbia sign 734 mln EUR worth of agreements
Close