Source: Beta | Tuesday, 24.11.2020.| 13:02
Highlight an article Print out the news

Government Withdraws Draft Law on Provision of Guarantees for Srbijagas Credit

Illustration (Photo: Reinhard Tiburzy/
The Government of Serbia has withdrawn the Draft Law on the Provision of Guarantees for the Credit of Srbijagas in the total amount of EUR 70 million, which was supposed to be on the agenda of today’s session of the National Assembly of Serbia.

According to the draft law, state guarantees would have been provided for the loan of Srbijagas from three banks for the construction of the gas pipeline from the Bulgarian border to Hungary and the borders with other neighboring countries.

The credit would have been taken out at Vojvodjanska Banka, OTP Bank and Postanska Stedionica in dinar countervalue with a FX clause, for six years, including a grace period of two years, at an annual interest rate of 1.70% to 1.75%, plus a three-month EURIBOR.

The money would have been used through investments in the capital of South Stream AG, registered in Switzerland.
Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE