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The Government of the Republic of Serbia

In the service of citizens

“Serbia 2025” project worth €14b

Belgrade, 28 December 2019

Prime Minister Ana Brnabic and President of Serbia Aleksandar Vucic today presented the “Serbia 2025” programme, which contains a plan of investment projects for the further development of the country over the next five years.

Brnabic, in the presence of members of the government and representatives of international financial institutions, said at the Palace of Serbia that these projects will accelerate economic growth and make our country a much better place to live.

She specified that the programme is worth slightly less than €14 billion, and it will be financed from the budget, but also from loans from international financial institutions, with which we will continue cooperation.

Today we are entering a new project, which is why we need to liberalise the legal framework a little so that more money can enter the country, which is important for small, micro enterprises, startups and innovation companies, the Prime Minister emphasised.

Brnabic said that education reform must continue, recalling that programming, digital classrooms, dual education, entrepreneurship and financial literacy have been introduced.

She announced investments of €100 million for science and education, equipment, research, to make Serbia a leader in the science and technology revolution.

Also, €90 million will be invested in the development of artificial intelligence because we want to be among the leading countries in Europe, said Brnabic, and announced further reforms of public companies with the aim of increasing their efficiency and competitiveness, as this can bring serious growth.

Serbia also has potential in renewable energy sources, the Prime Minister said, pointing out that if we work smart we can be a worldwide center for the production of batteries and electric vehicles because we have 10 percent of the world's lithium reserves.

At the same time, the Prime Minister stressed that no step in the plan would endanger macroeconomic stability and public debt, with the government forming a body to monitor the implementation of the plan.

In 2025 Serbia will be a country of leading salaries and pensions in which unemployment will be like in the Eurozone, a country of modern education and infrastructure, Brnabic concluded.