Werner Hoyer, President of the European Investment Bank (EIB), the bank of the European Union, spoke at the Western Balkans Berlin Summit on 5 July and reaffirmed the EIB’s firm commitment to the Western Balkans and its readiness to intensify support for the transition to greener, more digital and more inclusive economic growth.
The European Investment Bank (EIB), the bank of the European Union, will provide a €200 million loan to the Development Fund of the Republic of Serbia for the faster recovery of small and medium-sized enterprises (SMEs) and mid-caps from COVID-19. This is the sixth operation in the country implemented by the EIB under the Team Europe financial package for the Western Balkans, taking total EIB support for accelerating Serbia’s recovery from COVID-19 to €380 million. The loan will speed up the recovery of the private sector, boost economic activity and help protect over 47 000 jobs, while creating 5 500 new job opportunities for people in Serbia.
The European Investment Bank (EIB), the bank of the European Union, is providing €40 million to Banca Intesa Beograd (BIB) to support the faster recovery of Serbian small and medium enterprises (SMEs) from COVID-19. For the EIB, this is the fifth operation supporting the Serbian private sector’s recovery under the Team Europe COVID-19 response programme. Since the outbreak of the pandemic in 2020, the EIB has provided €180 million in new, more accessible credit lines in support of Serbian companies, helping them address liquidity issues, maintain operations, retain jobs and carry on with their investment plans during and after the pandemic.