Serbia gets EUR 205 million from funds

The credit rating agency Standard and Poor's has kept Serbia's credit rating at BB- but improved its credit rating outlook from "negative" to "stable." They expect growth and investment inflow to accelerate, assessing that it is crucial to continue the implementation of reforms. This was confirmed by Freek Janmaat, the head of the EU Integration and Economy at the EU Delegation to Serbia, in an interview with RTS. He pointed out that we can count on advisory assistance, adding that EUR 205 million from EU funds would be placed at the disposal of Serbia in 2016.

Mr. Janmaat said that that money was intended for internal affairs, education, energy sector and agriculture.

- All efforts this year will be put into internal affairs, education, energy sector and agriculture - said Janmaat.

When asked how many chapters in the negotiations between Serbia and the European Union could be opened in 2016, he replied that first of all, it was good that the first two chapters had been opened the previous year.

He assessed that it was also important to finish the privatization of public companies in 2016 as announced by the Government of Serbia.

STANDARS & POOR'S Denmark

Delegacija Evropske unije u Republici Srbiji Beograd

Standard and Poors

credit rating of Serbia

BB- rating

EU Delegation to Serbia

Freek Janmaat

funds available to Serbia

Chapter 23

Chapter 24