Soros creates emergency fund for EE states

George Soros has created an Emergency Fund to help countries in Central and Eastern Europe, Serbia included, mitigate the impact of the economic crisis. It has been announced that the fund will have USD 100mn at its disposal over the next two years. Soros creates emergency fund for EE states The funds will be spent to support projects whose direct aim is mitigating the impact of the economic crisis, establishing innovative and sustainable forms of social assistance, and forging social solidarity. The fund will also be used to support projects aimed at job creation and self-employment, and systematic enhancement of labor efficiency in small and mid-sized companies through use of information technologies, raising energy efficiency and such like. In Serbia, projects eleigible for financing will be those proposed by the authorities, local self-government, NGOs, trade unions, civil society organizations and structural and commercial associations. Projects will be submitted to the Fund for an Open Society in Belgrade, founded by Soros, on the basis of a public competition soon to be called in the media.

Soros creates emergency fund for EE states

The funds will be spent to support projects whose direct aim is mitigating the impact of the economic crisis, establishing innovative and sustainable forms of social assistance, and forging social solidarity.

The fund will also be used to support projects aimed at job creation and self-employment, and systematic enhancement of labor efficiency in small and mid-sized companies through use of information technologies, raising energy efficiency and such like.

In Serbia, projects eleigible for financing will be those proposed by the authorities, local self-government, NGOs, trade unions, civil society organizations and structural and commercial associations.

Projects will be submitted to the Fund for an Open Society in Belgrade, founded by Soros, on the basis of a public competition soon to be called in the media.