State guarantees repayment of EUR 35 million loans granted to Construction Directorate

The Government of Serbia has given a guarantee to Hypo Alpe-Adria Bank and Societe Generale Bank to cover the liabilities arising from loans granted to the Construction Directorate of Serbia for the construction of residential and business facilities in the location of Stepa Stepanovic barracks in Belgrade.

The Republic of Serbia has taken on the obligation to repay the loans approved to the Construction Directorate of Serbia by Hypo Alpe-Adria Bank and Societe Generale Bank in the total amount of EUR 35 million.

For more information