Serbia to get EUR 72 million in EU grants

Serbia to get EUR 72 million in EU grants

BELGRADE -- In 2015, Serbia will receive EUR 72mn in EU grants for flood recovery, as well as EUR 115 million for projects in various sectors, Jadranka Joksimovic says.

EUR 62 million will be approved to Serbia as part of EU pre-accession instruments - the so-called IPA 2 project - with another EUR 10 million to come from regional support mechanisms, the minister without portfolio in charge of EU integration said.

Presenting the bill on a framework agreement between the Serbian government and the EU on financial assistance to Serbia, Joksimovic said in the Serbian parliament that the adoption of the document will establish the legal basis for using funds that have already been approved to Serbia.

The agreement regulates in detail the rules for using IPA 2 funds for the period between 2014 and 2020, Joksimovic said.