New EBRD funds for energy efficiency and renewable energy projects in Serbia

The EBRD is continuing to promote energy efficiency and renewable energy projects in Serbia with a €10 million credit line to Societe Generale Banka Srbija for on-lending to Serbian private companies undertaking sustainable energy investments.
The financing to Societe Generale Banka Srbija is extended under the EU/EBRD Western Balkans Sustainable Energy Credit Line Facility.

Wholly-owned by the Société Générale Group, Société Générale Serbia is among the top ten banks in the country, servicing corporate, small and medium-zised enterprises (SMEs) and retail customers.
The proceeds of the loan will be used to support Serbian companies investing in industrial energy efficiency, small renewable energy production and energy efficiency in commercial buildings [with loans worth up to €2 million].
This is the second transaction under the EU/EBRD Western Balkans Sustainable Energy Credit Line in Serbia, following the €10 million loan to Banca Intesa, signed in March 2009.

News source: EBRD link: article

EU invested EUR 500mn in energy sector

The EU has invested around EUR 500mn in the Serbian energy sector since 2000, a gathering in Belgrade heard on Monday. This is according to Deputy Head of the Delegation of the EU to Serbia Adriano Martins, who announced that the EU will continue investing in this domain.
It is necessary to continue with modernization, increase efficiency and the use of renewable energy sources, Martins said at a meeting on energy in Belgrade.

Martins assessed that Serbia should continue adjusting its energy regulations to EU legislation and directives, and improve its price policy.  Serbian Minister of Energy and Mining Petar Škundric pointed out that the price of gas in Serbia is not the highest one in the region, and added that gas is cheaper in Romania and Croatia, both of which cover half of their needs from their own sources. 

News source: B92 link: article