European Bank for Reconstruction and Development (EBRD) will focus on encouraging green investments in Serbia in 2021, increasing skills among young people, and with that the employment rate as well, and supporting female entrepreneurship.
“Importantly, we would like to put higher on the Serbian agenda the transition from coal in energy generation and consumption. It is time to start planning long-term, in the next 15-20 years, an exit from coal,” said Zsuzsanna Hargitai, the regional director for Western Balkans at the EBRD, in an interview with eKapija.
“Having provided financing for the two largest wind farms in Serbia, Cibuk1 and Kovacica, our aim is to help open a new chapter for expanding investments in Serbia in renewables that have become significantly cheaper over the last years,” she said.
Hargitai also added that there are a number of priorities in the EU’s Economic Investment Plan for Bosnia & Herzegovina that the EBRD will support in 2021. First and foremost the aim is to continue engagement and complete together with its partners the financing for Corridor Vc, a flagship transport corridor for Bosnia that will link the country better with its key trading partners.
Related Articles
Saudi private sector secures 82% of development fund contracts worth $3bn
Saudi private companies have captured 82% of contracts signed by the Saudi Development Fund over the past three years, with a total value exceeding $3bn, according to Abdulmohsen Al-Khayyal, ... more
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Uzbekistan’s banking sector becoming more resilient, says Fitch
Uzbekistan’s banking industry is becoming more resilient, with the sector underpinned by ongoing structural reforms, stronger regulation and improving governance, ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
21 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago