EBRD and the Government of Serbia initiated investment environment development

EBRD and the Government initiated the investment environment development, private sector development and promotion of good management in Serbia.

As it was stated in the mutual announcement of EBRD and the Government of Serbia, the Prime Minister of Serbia, Aleksandar Vucic and president of EBRD, Suma Cakrabart, signed in London the Letter of intentions for the initiative implementation.

This confirmed the intention of EBRD and the Government of Serbia to coordinate the work on measures for credit growth increase, including solution for unfavorable loans, improvement in managing private and public companies, privatization of public and state-owned businesses and infrastructure development.

After signing, Vucic said it is a crossroads in development of cooperation between Serbia and EBRD.

- Favorable business environment is a key thing and we are sure that we will make progress there with the support of EBRD – Vucic said.

In all these fields, EBRD and the Serbian Government will have an active dialogue with business community, other international institutions and donors, it was announced.

Cakrabarti outlined EBRD supports reforms of the Government of Srtbia and encourages further implementation of the new laws which aim at development of business environment in Serbia.

- We are sure investment environment improvement will make Serbia more attractive for investors. EBRD is ready to support authorities in that process – Cakrabarti said.

So far, EBRD poured EUR 3,8 billion in 181 projects in Serbia in financial sector, industry, trade, agriculture, energy and infrastructure.