EBRD considers EUR 200 million loan for EPS - Decision by July 2015

The European Bank for Reconstruction and Development (EBRD) is considering granting a EUR 200 million loan to the Electric Power Company of Serbia (EPS) for financial restructuring, EBRD Country Director for Serbia Matteo Patrone said today.
Following the presentation of EBRD's 2014 transition reports on the premises of the National Bank of Serbia, he said that the procedure for approving that loan had already started, voicing his expectation that it would be finished before July.

- We work with many companies in Serbia and the banking sector, and one of our most significant projects at the moment is the second phase of digitization in Serbia - said Patrone.

According to him, the EBRD contributed about EUR 450 million to Serbia in 2014 and intends to resume this trend in 2015 as well.
He added that the EBRD had invested EUR 3.8 billion in Serbia since 2001.

- We are impressed with the momentum of reforms and the progress made by the Government in terms of structural reforms, reforms of labor relations and fiscal consolidation - said Patrone.

Elektroprivreda Srbije ad Beograd

EBRD Evropska banka za obnovu i razvoj Beograd

EPS

EBRD

Matteo Patrone

reorganization of EPS

EPS restructuring

Electric Power Company of Serbia