Serbia

Serbia

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Serbia Flag Serbia

  • Population: 7 million
  • GDP: €53 billion
  • GDP per capita: €7,760
  • Public debt: 52.8% GDP
  • EU candidate: Candidate country since March 2012

'WBIF projects benefit the lives of people and businesses in Serbia as part of the accession process to the EU. The objective is not only about building a road or a school, it is about creating the most effective infrastructure network in line with EU standards.'

Ambassador Emanuele Giaufret

Since 2009, the WBIF has supported estimated investments of €8.7 billion in the public sector in Serbia.

The country has benefitted from 83 grants for €752 million in technical assistance and investment co-financing. The EU IPA grant support channelled through the WBIF accounts for €726.2 million and covers both technical assistance and investment works. Other donors have contributed €25.8 million as well.

€752m

Investment grants: €664.4m

Technical assistance: €87.6m


€8.7bn

€3.3bn

WBIF grants

Transport

Sustainable transport

€479.5m

Energy

Clean energy

€109.8m

Environment

Environment & climate

€53.3m

Social

Human capital

€73.5m

Digital infrastructure

Digital future

€35.9m

Private sector competitiveness

Breakdown of support provided below

Total

€752m

Achieved results

2009 – 2022

  • 93 km of motorways built
  • 93 km of railway lines rehabilitated
  • 60 km of electricity transmission lines upgraded
  • Improved water and sanitation services for 585,000 people


Expected results

2023 – 2030

  • 77 km of motorways built
  • 586 km of railway lines rehabilitated
  • 353 MW renewable energy generation capacity installed
  • Improved water and sanitation services for 2.1 million people

Support to Private Sector

WB EDIF

The Western Balkans Enterprise Development & Innovation Facility

  • €342m in financing for SMEs
  • 1,895 SMEs supported in Serbia
EFSE

European Fund for Southeast Europe

  • €1.4 billion in sub-loans since inception
  • 122,336 borrowers since inception
  • 66 projects supported since inception
GGF

Green for Growth Fund

  • €253.8 million sub-loan investments since inception
  • 849,268 MWh/year primary energy savings
  • 252,610 tCO2/year emissions reduction
REEP+

The Regional Energy Efficiency Programme

  • €12.4m in financing for residential sector (GEFF)
  • €8.3m in direct financing for private sector

Latest Serbia News

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EU funding opportunities for private sector in Serbia
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03-07-2023

EU funding opportunities for private sector in Serbia

More than 1,800 participants attended the first EU Opportunity Week in Serbia, from 21 to 26 June 2023. It was...

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Connectivity Summit “Sustainable Links-Stronger Economy”, Budva 15-16 May
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18-05-2023

Connectivity Summit “Sustainable Links-Stronger Economy”, Budva 15-16 May

Efficient transportation of people and goods ensures access to jobs and services and enables trade and economi...

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Completion of works on the state-of-the-art prison in Kragujevac, Serbia
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25-11-2022

Completion of works on the state-of-the-art prison in Kragujevac, Serbia

Since 2009, with support from the EU, WBIF Bilateral Donors, and the Council of Europe Development Bank (CEB),...

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Partner Financial Organisations

Western Balkans Partners