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The Government of the Republic of Serbia

In the service of citizens

EBRD leading institutional investor in Serbia

Belgrade, 11 May 2021

Prime Minister Ana Brnabic met with current Managing Director of the European Bank for Reconstruction and Development (EBRD) Zsuzsanna Hargitai and the newly appointed director of this financial institution, Matteo Colangeli, that the EBRD is a leading institutional investor in Serbia, which significantly contributes to strengthening the Serbian economy and strengthening the country's competitiveness.

Brnabic assessed that, considering that ecology is becoming an increasingly important area for Serbia, the "green agenda" and the support that the EBRD provides to Serbia in that sense through improving energy efficiency and better use of renewable energy, is an important project and priority area of cooperation.

Hargitai stated that the EBRD invested almost €6 billion in projects to support the private sector, infrastructure and improving the competitiveness of the private sector.

She said that these are areas that will continue to be the focus of this institution and cooperation with Serbia.

High on the agenda, as she explained, will continue to be the transition to a "green economy", primarily through energy efficiency projects and gasification and strengthening the connection between the economies of the Western Balkans.

Representatives of the EBRD estimated that the recovery of the economy after the pandemic will be a great challenge in the upcoming period. In this sense, the program of support to small and medium enterprises in mitigating social and economic consequences, which the EBRD is implementing together with the Ministry of Economy, is extremely important.

The Prime Minister expressed gratitude for the exceptional cooperation and personal engagement of the current director of the EBRD for the Western Balkans, and welcomed the new director, with the conviction that successful cooperation with this international institution will continue.