Western Balkans

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News archive - EBRD new financing in W. Balkans may reach 1.5 bln euro by end-yr - Hargitai

The European Bank for Reconstruction and Development (EBRD) hopes new financing commitments in the Western Balkans will reach a total of 1.5 billion euro ($1.8 billion) by the end of 2020, Zsuzsanna Hargitai, EBRD Regional Director, Western Balkans and Head of Serbia, said on Monday.

"What is it we are going to do till the end of this year? What we see is the potential to reach 1.5 billion euro in new financial commitments in total in the Western Balkans, considering the investment projects," Hargitai said in a video file posted on the website of Tanjug news agency.

The EBRD has so far committed to new financing worth 830 million euro for the entire Western Balkans, and of them, 480 million euro is for Serbia, Hargiati said.

"Our focus will be the support of small and medium-sized enterprises (SMEs) and we have ensured 370 million euro for their financing in Serbia," she added.

Last week, the EU neighbourhood and enlargement commissioner Oliver Varhelyi said the European Commission plans to adopt on October 6 an еconomic and investment plan for the Western Balkans focusing on connectivity within the region.

The implementation of the plan will be financed by a combination of EU grants and loans from international financial institutions, including the European Investment Bank (EIB) and the EBRD.

($ = 0.8518 euro)

Original news: https://seenews.com/news/ebrd-new-financing-in-w-balkans-may-reach-15-bln-euro-by-end-yr-hargitai-716023

Geographical focus

European Union (EU 27)
Western Balkans

Scientifc field / Thematic focus

Cross-thematic/Interdisciplinary

Entry created by Admin WBC-RTI.info on October 6, 2020
Modified on October 6, 2020

Western Balkans Info Hub - powered by "Policy Answers" - is funded by the European Commission through the Horizon Europe project "R&I policy making, implementation and support in the Western Balkans", grant agreement: 10105887. The portal builds upon previous initiatives, such as for instance WBC-RTI.INFO and WBC-INCO.NET, which were funded under different Framework Programmes (FP) for Research and Technological Development (RTD) of the European Commission and other contracts.

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