Source: Beta | Friday, 19.02.2010.| 10:57
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EBRD plans to increase investments in Serbia - more than record 423m EUR in 2010

- European Bank for Reconstruction and Development (EBRD) plans to invest more money in Serbia this year than in 2009, when record amount of 423m EUR was invested - said Hildegard Gacek, the CEO of EBRD for Serbia, on February 18th.

Gacek said at the press conference in Belgrade after she signed the contract on the loan for Srbijagas that EBRD had significantly increased investments in all countries, especially in Serbia, due to the global economic crisis.

- EBRD will be focused on investments in private sector and SME in Serbia in 2010, which will need assistance in development and strengthening capital - said Gacek.

The CEO of EBRD for Serbia, Hildegard Gacek, said that that finance institution had invested about 1.8bn EUR in 94 projects in Serbia to the date.

Gacek said that EBRD should enable withdrawal of the loan for reconstruction of Belgrade's Gazela bridge prior to mid-March.

EBRD is in the possession of 61 countries and two international institutions and it supports the transition from centralized to market economy in the countries from Central Europe to Central Asia.

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