EBRD to invest EUR 1 bln in Western Balkans, one-third for Serbia, says official

The European Bank for Reconstruction and Development (EBRD) plans to invest more than one billion euros in the Western Balkans, and one-third of the funds will go to Serbia, the head of the EBRD office in Serbia, Daniel Berg, said on Monday.

Ahead of the appointment of the country's new government, on which Prime Minister-Designate Aleksandar Vucic will start talks this week, Berg told the public broadcaster RTS that the EBRD expected the government to persist in implementing reforms so as to improve the investment climate and attract investors.

Berg told RTS that the EBRD was cooperating closely with the Serbian government and that its suggestion was for the country to continue with its European integration and with IMF reform programmes as its main tasks.

The EBRD official said that apart from small and medium companies, the EBRD was also interested in the privatisation of large systems, such as Serbia Telecom or Nikola Tesla Airport.

After the parliament was constituted on June 3, a legal, 90-day deadline has started to run for the formation of the new government, for which Vucic won the mandate in the snap parliamentary election held on April 24.

The current and future prime minister said the government would most probably be formed by mid-June.

Last update: Mon, 06/06/2016 - 14:19

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