EBRD approves new strategy for cooperation with Serbia until 2028

LONDON - The European Bank for Reconstruction and Development (EBRD) Board of Directors has approved a new country strategy for Serbia that will be guiding its investment and policy initiatives for the next five years.

"The EBRD's three key priorities for Serbia will be: (i) accelerating the green energy transition; (ii) enhancing private-sector competitiveness, productivity and access to finance; and (iii) financing sustainable infrastructure and strengthening regional connectivity," the EBRD said in a statement.

"Under the first priority, the EBRD will focus on scaling up renewable energy capacity, particularly through continuing to support the authorities with wind and solar auctions, but also by introducing renewable energy sources into district heating systems. Energy efficiency will also be a primary objective, especially in the context of accelerating building...