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The Government of the Republic of Serbia

In the service of citizens

Energy transition crucial for development, security of Serbia, region

Belgrade, 5 October 2022

Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic met today with Head of the Western Balkans division of the European Investment Bank (EIB) Matteo Rivellini and discussed with him the continuation of cooperation in the mining and energy sector, current and possible new projects, the energy crisis in Europe and plans to improve the energy security of Serbia and the region.

On that occasion, Mihajlovic pointed out that the EIB is a very important partner for Serbia, recalling that since 2001, this bank has provided funds in the amount of €4.9 billion for projects in Serbia.

Your support and help are very important for us, we did a lot together in the previous ministry, in the field of transport infrastructure, and I believe that we can be even more successful in the energy and mining sectors, Mihajlovic said.

The Deputy Prime Minister noted that in addition to current projects, such as the construction of the Serbia-Bulgaria gas interconnection, the connection in the gas sector is a priority for Serbia.

Not only with Bulgaria, but also with other countries, North Macedonia, Albania, Croatia, Romania. We want to have different gas suppliers in the future, because this is the only way to be safe, stable and secure, the Deputy Prime Minister said.

According to her, Serbia is doing everything it can to ensure sufficient amounts of energy and energy sources for the upcoming winter season, and at the same time it is working to ensure its own long-term energy stability and security, and that of the entire region.

Rivellini pointed out the importance of building the Serbia-Bulgaria interconnection, which is financed by the EIB, adding that there are other projects and long-term plans that can be worked on together, such as the modernisation of the distribution and transmission network, the improvement of energy efficiency, the green agenda, but also overcoming the energy crisis.