The European Bank for Reconstruction and Development (EBRD) announced an investment of 807 million euros in Serbia last year, with 395 million euros mobilized from other investors, supporting a record 37 projects across all economic sectors, Beta reports.
The EBRD highlighted that nearly 500 million euros were directed towards Serbia’s transition to a green economy, including a 105 million euro loan for constructing a solar thermal power plant in Novi Sad. Additionally, 30 million euros were invested in technology for remote control systems for heating in ten municipalities.
Other notable investments include 45 million euros for the construction of the “Pupin” wind farm, and 67 million euros in a loan to the Electric Power Company of Serbia for the reconstruction and capacity increase of Vlasina hydropower plants.
The EBRD also allocated 50 million euros for the urgent rehabilitation of railways in partnership with the Railway Infrastructure of Serbia and 20 million euros in a loan to the Air Transport Agency of Serbia and Montenegro for system upgrades.
The majority of real economy financing came through local banks and leasing companies, amounting to over 340 million euros in loans and trade finance, including products aimed at encouraging SME investment in green technologies, digitalisation, and improving access to finance for businesses led by women and youth.
