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A:
Germany invests €18.5mln in environmental projects in Serbia
Belgrade,
20 December 2007
Serbian Deputy Prime Minister Bozidar Djelic said today that the German government decided to reschedule Serbia's debt to Germany in the amount of €18.5 million by investing in environmental projects in Serbia.
Wolfgang Maas, left, and Bozidar Djelic
After meeting with German Ambassador to Serbia Wolfgang Maas, Djelic said that Serbia will propose projects that will help environmental protection and energy efficiency.
Djelic explained that the debt to Germany is part of Serbia’s debt to the Paris Club of creditors, and Germany is the only country that decided to renounce the unpaid debt in exchange for concrete assistance to Serbia.
He said that the proposed projects so far include gasification of Pancevo, use of eolian energy and cleaning the Backa channel.
According to him, an agreement will be signed by the end of next year so that implementation of those projects could start, and the Serbian government will additionally finance those projects.
He recalled that Germany already approved €25 million to Serbia two years ago, which were used to improve the condition of central heating in six cities, namely Kraljevo, Pirot, Sombor, Kragujevac, Nis and Zrenjanin.
The German Ambassador specified that the aim of this support is to upgrade the field of energy supply in Serbia and to support economic management and ecological aspect.
According to him, Serbia has a great potential for saving energy.
The debt write-off agreement was reached during Djelic’s visit to Germany in October.
Djelic explained that the debt to Germany is part of Serbia’s debt to the Paris Club of creditors, and Germany is the only country that decided to renounce the unpaid debt in exchange for concrete assistance to Serbia.
He said that the proposed projects so far include gasification of Pancevo, use of eolian energy and cleaning the Backa channel.
According to him, an agreement will be signed by the end of next year so that implementation of those projects could start, and the Serbian government will additionally finance those projects.
He recalled that Germany already approved €25 million to Serbia two years ago, which were used to improve the condition of central heating in six cities, namely Kraljevo, Pirot, Sombor, Kragujevac, Nis and Zrenjanin.
The German Ambassador specified that the aim of this support is to upgrade the field of energy supply in Serbia and to support economic management and ecological aspect.
According to him, Serbia has a great potential for saving energy.
The debt write-off agreement was reached during Djelic’s visit to Germany in October.
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