The EBRD has signed a sovereign loan of up to EUR 80 million in favour of the Republic of Serbia for the construction and expansion of modern science and technology parks (“STPs”) in Serbia.

The Bank’s first committed tranche of EUR 70 million will be used to finance the construction, fit-out and the purchase of new equipment for the expansion of existing and development of new STP facilities in the cities of Niš, Cacak, and Kruševac, to support critical infrastructure for the incubation and growth of innovative start-ups and businesses in Serbia. The Bank’s second committed tranche of EUR 10 million will be used for the development of STP facilities within the new biotechnology park Bio4 or for further expansion of STPs in Belgrade and Novi Sad, subject to the Government of Serbia’s (“GoS”) priorities and timeline.