EBRD Funds Serbia Gas Firm

The European Bank for Reconstruction and Development has granted a loan of 150 million euros (USD205.75 million) to Serbia’s state-run gas firm Srbijagas for the construction of an underground gas unit, Reuters reports. The bank will also help Serbia fund a pipeline upgrade that would link some 40 percent of its gas network with that of other countries.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.