Source: Tanjug | Friday, 18.05.2018.| 09:14
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EUR 1 billion for Serbia from EIB for infrastructure and digitalization

(Photo: Mckyartstudio/
At the Western Balkans Summit in Sofia, the EIB and Serbia signed a Memorandum of Understanding for the appraisal of EUR 1 billion in investments in Serbia, reconfirming the Bank’s support for key connectivity infrastructure, digitalization, rural development, energy safety and urban transport.

The signing ceremony was attended by Serbian President Aleksandar Vucic, EIB President Werner Hoyer, the President of the European Commission Jean-Claude Juncker, the President of the European Council, Donald Tusk, and Bulgarian Prime Minister Boyko Borissov, says the EIB press release sent to Tanjug.

This confirms the EIB Group’s support for key connectivity infrastructure, such as the Nis-Pristina-Tirana Highway of Peace, the digitalization of Serbian schools, local and rural development, energy safety and urban transport, the EIB points out.

As one of the leading international financiers in the Western Balkans, the EIB has reaffirmed its commitment to supporting the region’s path towards the European Union, the press release says.

Since 2007, the EIB has signed EUR 7.5 billion of loans for projects in the Western Balkans. So far this year, the EIB has signed loans worth more than half a billion euros for the region.

– In these times of rising economic and social challenges, the EIB will intensify its investment and financing in the Western Balkans through the Economic Resilience Initiative and other programs – Hoyer said.

Emphasizing that transport infrastructure is key to economic growth and competitiveness, because it enables people and goods to move more freely, Hoyer added that “better mobility achieves social cohesion, economic growth and employment.”

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