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Serbia close to concluding loan agreement with China
Belgrade/Cavtat,
20 October 2009
Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic said today that Serbia is very close to concluding talks with China concerning a €200 million loan.
In a statement to Reuters from an economic forum in Cavtat, Dinkic said that Serbia will obtain the loan under very favourable conditions.
He said that the loan is to be paid back over 15 years with a five year grace period and a fixed interest rate of 3%. The loan agreement will come into effect next year and the funds will be used for infrastructure projects.
He said that the loan is to be paid back over 15 years with a five year grace period and a fixed interest rate of 3%. The loan agreement will come into effect next year and the funds will be used for infrastructure projects.
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