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Serbia, EU bank sign $330M credit

Tue, 05/12/2009 - 06:02 by harsheeb

Belgrade -- The European Investment Bank and the Serbia Monday signed a $330 million credit agreement to assist the nation's small and medium firms, authorities said.

Along with the credit agreement, the EIB agreed to open a regional office in Serbia -- the first one outside the European Union, the Belgrade B92 Web site said.

An EIB official said the bank will be ready to open its regional office as soon as Serbia officially asks for access to the EU.

Since 2000 the European Investment Bank has financed $2.1 billion in Serbian projects, mainly in the energy sector, in small and medium enterprises and in strengthening the financial system, B92 said.

Copyright 2009 by United Press International.

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