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news 09 Nov 12

EBRD Credits Serbian Reforms in Energy and SMEs

Serbian reforms in sustainable energy sources and in financing of micro, small and medium-sized companies are noted in EBRD report.

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Serbia has earned a higher evaluation for sustainable energy sources because of its introduction of four Clean Development Mechanism projects, a report by the European Bank for Reconstruction and Development, EBRD, notes.

The report said that progress with small enterprises was being reflected in promotion of accessibility of information on loans and the system of land registration.

The EBRD Report for 2012, "Integration Across Borders", shows that in 17 cases this year, a higher evaluation was recorded in countries in which the bank is operating, whereas the evaluation of the implementation of reforms has been reduced in nine.

In the corporate sector Serbia earned the mark three, for reforms in energy, two, while the marks awarded in the infrastructure and finance sectors were twos and threes.

In the segment of the report on Serbia, the EBRD noted that it has become an EU candidate in the past year and had progressed with reforms in several infrastructure sectors but that macroeconomic displine has weakened in the meantime.

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