Serbia needs 4 billion euros to meet the environmental standards of the European Union, to which the county has applied for accession in December 2010. The country expects to acquire the bulk of the needed money from the bloc’s pre-accession funds while the rest would be sourced through foreign investments, said Oliver Dulic, the country’s environment minister. Dulic noted that years of environmental neglect and lack of investments left the country with various environmental problems, including pollution.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.