BAKU, Azerbaijan, January 31. In 2024, the European Bank for Reconstruction and Development (EBRD) invested 807 million euros in Serbia, Trend reports.
The bank also mobilized an additional 395 million euros from other investors, financing a total of 37 projects across various sectors.
A major focus of the investment was on Serbia’s green transition, with nearly 500 million euros directed towards renewable energy, district heating upgrades, and environmental infrastructure. Key projects included a 105 million euro loan for a solar thermal plant in Novi Sad, aimed at providing green energy for district heating and reducing air pollution. The EBRD also supported the introduction of innovative technologies in district heating systems across 10 municipalities, with a 30 million euro loan.
In renewable energy, the EBRD financed Serbia’s first project under its wind and solar auction program with a 45 million euro loan for the Pupin wind farm. Additionally, a 67 million euro loan was provided to EPS for the rehabilitation and expansion of the Vlasinske hydro power plant.
The EBRD also continued its support for Serbia’s transport infrastructure with a 50 million euro loan for rail track rehabilitation and a 20 million euro loan to upgrade the Serbia and Montenegro Air Traffic Services Agency’s systems.
Serbia's waste management and broadband projects also received a boost, with the EBRD allocating 125 million euros to these critical programs. The bank’s commitment to corporate financing remained strong, particularly through local banks, with over 340 million euros channeled into green technologies, digitalization, and access to finance for women- and youth-led businesses.
EBRD Regional Director for the Western Balkans, Matteo Colangeli, highlighted the bank’s growing portfolio in Serbia, which surpassed 3 billion euros in 2024. He noted that the bank remains dedicated to supporting the country's green economy transition and fostering long-term economic resilience.
In total, the EBRD invested 1.6 billion euros in the Western Balkans in 2024, with a significant portion allocated to sustainable development projects.