Turkey to finance infrastructure projects in Serbia

Turkey has set aside around 500 million euros to finance infrastructure projects in Serbia. Currently, "a model for this funding is being sought," Tanjug reported on Friday.

"Whether the loans will be received by Turkish construction companies that will participate in tenders in Serbia to build road, or if it will be some other type of loan at more favorable interest rates, I cannot say right now - but construction of infrastructure will definitely be one of the priorities," said cabinet minister and one of deputy PMs Rasim Ljajic, replying to a question posed in the Serbian Assembly by people's deputy Muamer Zukorlic.

Ljajic, who heads the ministry of tourism and telecommunications, added that he expect representatives of Turkey's Eximbank to visit in November, when "the interest rates, exclusively" would be on the agenda.

Minister of Construction, Transport and...