Financial resources for circular economy and sustainability
The circular economy and sustainability are attracting more attention from year to year. The importance of the circular economy has been recognized by the European Bank for Reconstruction and Development (EBRD). This bank has a plan to finance projects worth a total of 600 million in Serbia in 2020. The EBRD is one of the largest institutional investors in the Western Balkans.
Until now, they have invested over €13 billion in more than 700 projects, including in key infrastructure, the SME segments, and the green economy.
EBRD in Serbia in 2020 will mostly invest in environmental protection (renewable energy sources, circular economy, green cities, and the smart measuring program at the Electric Power Industry of Serbia). In addition, they are preparing plans with the EU for a financial package for SMEs in the Western Balkan.