Officials from the European Union and Serbia have signed a grant package for Serbia worth over €86 million. The grant package will focus on supporting Serbia in protecting the economy and the environment – in particular safe drinking water, supporting the tourism sector and to support small and medium sized enterprises.

In a video statement, EU Commissioner for EU Enlargement Negotiations, Oliver Várhelyi, said:  “The package will further foster the support to the economy, which has been hit by the (COVID 19) crisis. Small and medium sized enterprises are the backbone of the society and we wish to continue our success story with them, as we have been supporting this sector with great results for many years.”

The package is structured as follows:

• Competitiveness and economy – €17 million to support competitiveness of small and medium sized enterprises, particularly in the tourism sector
• Environment – €45 million to kick-start Serbia’s Green Agenda and €9 million for energy efficiency investment in public buildings
• Good governance – €14 million to support reforms on governance, acquis reforms and Serbia’s participation in EU programmes

The European Union is the largest donor, investor and trade partner with Serbia.