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)

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