EBRD: New 5-year strategy for Serbia - Reform of state businesses at the top

EBRD: New 5-year strategy for Serbia - Reform of state businesses at the top
"Having stabilised the macro economic environment, we project the Serbian economy will grow by 2.9%. With this positive base, it is the right moment to focus even more strongly on reforms. The EBRD will keep its focus on the restructuring of state-owned enterprises and encouraging greater participation of private sector companies in sectors largely dominated by the state. We will also continue working with the authorities to promote improvements in the business environment and improving access to finance to support entrepreneurs and small and medium-sized enterprises." The above (written) statement is by Dan Berg, the EBRD's Director for Serbia.

This is the European Bank for Reconstruction and Development's (EBRD) reform plan is in-store for the Serbian economy and more particularly the "state-owned enterprises" and the "public utilities".

Green economy is part of the near-future project, too, along with "key objectives of the 2018-23 strategy", as the bank said through its printed statement, namely, enhancement of integration by improving the transport network, "supporting regional economic connectivity and advancing energy interconnections."

EBRD had practically supported the country's economy also in 2017, by injecting 380 million euros ($468 million) into over 20 projects in various financial fields.../IBNA

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