Keepin touch

Whether you have a question, comment, suggestion or any problem in the purview of the government, send us your message and we will try to respond as soon as possible. If your problem is not in our purview, we will forward your message to the relevant institution.

The Government of the Republic of Serbia

In the service of citizens

EBRD plans new investment in Serbia-Montenegro

Belgrade, 10 March 2004

Serbian Prime Minister Vojislav Kostunica met on Wednesday with Olivier Descamps, the European Bank for Reconstruction and Development's (EBRD) Director for Southern and Eastern Europe and the Caucasus, who expressed interest in learning more about Serbia's economic priorities citing a bank's new investment project for Serbia-Montenegro, which should be completed early this summer.

Olivier Descamps and Vojislav Kostunica

Descamps said that EBRD's long-term project for the state union's energy, mining and railway sectors are being carried out successfully, adding that the bank is also ready to support Serbia-Montenegro's short-term projects to help it develop small and medium-sized enterprises.

In order to speed up its economic development, Serbia must pass a series of laws to guarantee legal safety for investors, bring its legislation up to European standards and strengthen the judiciary, the Prime Minister said.

He stressed that all project aimed at stimulating Serbia's industrial production have an important role in efforts to revive the economy and reduce unemployment, and pointed to the importance of EBRD's plans to support activities of Serbian companies in other countries in the region.

Descamps also noted that Belgrade will host EBRD's 2005 annual meeting which will bring together a number of shareholders and investors, as well as representatives of the European Union and the European Investment Bank (EIB).