Minister who announced EUR 10,000 bn investment "uninformed"

Minister of Energy Zorana Mihajlović said on Monday that China will invest USD 10 billion in Central and Eastern European countries.

Source: Tanjug

Serbia will try to get as much money as possible for its projects, Mihajlović noted.

Her statement on Monday came after her fellow cabinet minister and SNS official, Milan Bačević, said over the weekend that China intended to invest "EUR 10,000 billion" in the Balkans.

Mihajlović said that Bačević was "mostly likely not well informed."

“The sum of USD 10 billion was agreed a year and a half ago,” Mihajlović said in a statement to Tanjug.

According to Mihajlović, a part of that sum will be earmarked for the modernization of the thermal power plant Kostolac.

"The most important thing for us is that we have the working group that coordinates all projects, headed by the Minister (of Transport Aleksandar) Antić. The (Belgrade-Bar) railway will be built, we will talk about Đerdap III, we will try to use that money for our needs," Mihajlović said.

She at the same time spoke against Bačević's appraisal that Serbia "should not take part in the South Stream discussion."

"Serbia will not stand aside when it comes to the construction of the South Stream pipeline. The country in the past suffered economic and energy sector damage because politicians stood aside," the minister noted.

Mihajlović also stated that Serbia is "an integral part of the construction of the South Stream pipeline, just as it wants to be a part of the EU, and will therefore negotiate both with Russia and the EU."

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