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The Government of the Republic of Serbia

In the service of citizens

EBRD to support projects important for development of economy

Belgrade, 16 July 2007

Economic Advisor to the Serbian Prime Minister Milan Parivodic and President of the European Bank for Reconstruction and Development (EBRD) Jean Lemiere agreed today that Serbia should continue with the implementation of concrete systemic reforms which are important for economic development.

Jean Lemiere, left, and Milan Parivodic

Parivodic and Lemiere agreed that sections of Corridor 10 must be finished as soon as possible, namely the Belgrade-Novi Sad, section from Leskovac to the Macedonian border and Nis-Dimitrovgrad.

In the field of energy, the priority is completion of thermoelectric power plant Kolubara B and introduction of private initiative in the field of energy, Parivodic said and added that EBRD voiced readiness to support development of the railway and of the securities market and the Belgrade Stock Exchange.

Lemiere said that EBRD will back new employments in Serbia and projects in the field of industry, banking, development of the private sector, of energy - production, distribution and saving, infrastructural projects - roads and railway, as well as water supply, waste management and transport.

Lemiere said that macro economic situation in Serbia is very good because the economy is recording a high level of growth and inflation is under control, and these are positive signals.