national assembly

Serbia proposes €410 million in new loans for infrastructure and green projects

Last week, the Serbian government submitted proposals to the National Assembly for new loans totaling approximately €410 million. The country plans to borrow from the European Investment Bank (EIB), the International Bank for Reconstruction and Development (IBRD), Germany’s KfW Development Bank, and the French Development Agency. From the EIB, Serbia will take €100 million to continue modernizing the Niš–Dimitrovgrad railway. The total cost of this project has nearly doubled since its initial estimate in 2017, rising from €268 million to…