EBRD to invest up to EUR 260mn this year

The European Bank for Reconstruction and Development (EBRD) plans to invest between EUR 220 and 260mn in Serbia in 2008.

Izvor: Tanjug

Wednesday, 02.04.2008.

16:54

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The European Bank for Reconstruction and Development (EBRD) plans to invest between EUR 220 and 260mn in Serbia in 2008. "This means that the EBRD will remain one of the most important creditors in this country," the bank's Serbia chief, Hildegard Gacek, added. EBRD to invest up to EUR 260mn this year The EBRD plans to invest around EUR 40mn in the financial sector in Serbia, she continued, specifying that these are new credit lines for domestic banks for small and medium-sized companies and mortgage loans, investments in insurance companies, and additional capitalization of banks. In the latest issue of the Belgrade-based magazine Bankar, Gacek pointed out that Serbia enjoys "great support from the European Union (EU) regarding financial assistance", but also "when technical support is concerned". Before investing in a country, foreign investors analyze the political stability and economic development, also taking into account the size of the market, Gacek said. Serbia, like the region itself, is a very interesting market for investors, because there are "no language barriers in the Western Balkans" and Serbian businessmen can easily do business in other Balkan countries as well, she concluded.

EBRD to invest up to EUR 260mn this year

The EBRD plans to invest around EUR 40mn in the financial sector in Serbia, she continued, specifying that these are new credit lines for domestic banks for small and medium-sized companies and mortgage loans, investments in insurance companies, and additional capitalization of banks.

In the latest issue of the Belgrade-based magazine Bankar, Gacek pointed out that Serbia enjoys "great support from the European Union (EU) regarding financial assistance", but also "when technical support is concerned".

Before investing in a country, foreign investors analyze the political stability and economic development, also taking into account the size of the market, Gacek said.

Serbia, like the region itself, is a very interesting market for investors, because there are "no language barriers in the Western Balkans" and Serbian businessmen can easily do business in other Balkan countries as well, she concluded.

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