Agreement signed on EU grant to Serbia; Country's economy revival in 2021

Agreement signed on EU grant to Serbia; Country's economy revival in 2021

Agreement signed on EU grant to Serbia; Country's economy revival in 2021 Izvor: Tanjug/Dragan Kujundžić

Serbian and European Union officials signed an agreement on Friday on a 70.2 million Euro grant to Serbia as part of the IPA program for 2020.

The agreement was signed by European Integration Minister Jadranka Joksimovic and EU Delegation chief Sem Fabrizi in the presence of President Aleksandar Vucic with European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi on the video link.  

Varhelyi wrote on his Twitter account that the grant should help Serbia’s economic and social recovery is proof of the EU’s commitment to its European future. He told the ceremony that Serbia will be included in a 750 billion Euro recovery plan following the coronavirus pandemic.  

Vucic said the money means a lot to Serbia, the more so since the countries that secured it did not have to approve the grant. He said that Serbia will stay on the path to the EU while Joksimovic said that she expects the second part of the IPA package worth 98 million Euro to be finalized soon.

Also on Friday, the 'Economy after Pandemic' panel discussion, organised by the Strategic Dialogue, was told that the recovery of Serbia's economy from the pandemic consequences should be expected in the next six months at the earliest, a most probably during 2021.

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