BAKU, Azerbaijan, Feb.5. The European Bank for
Reconstruction and Development (EBRD) delivered more than €800
million of new investment in Serbia in 2025, marking the third
consecutive year above that level and reinforcing its position as
the leading international financial institution in the country,
Trend reports citing the Bank.


The Bank financed a record 42 projects last year, with 84% of
investment directed to the private sector, particularly small and
medium-sized enterprises (SMEs). Nearly half of Serbia’s 2025
investment was channeled through local banks, leasing companies,
and partner financial institutions to support SMEs, including
youth- and women-led enterprises, green and digital transition
initiatives, and trade expansion. Advisory services were also
provided to help SMEs increase competitiveness and integrate into
international value chains.


The EBRD’s Star Venture Program supported 31 high-potential
startups in Serbia and trained over 200 early-stage entrepreneurs,
reflecting the Bank’s focus on strengthening the country’s
innovation ecosystem.


In the corporate sector, the Bank extended growth and
sustainability-linked finance to companies in manufacturing,
pharmaceuticals, agribusiness, and technology. Cofinancing
alongside foreign direct investors was also provided, particularly
for real estate projects.







Environmental infrastructure remained a priority, with new
programs targeting air quality improvements, sustainable heating,
and replacement of polluting boiler houses across multiple
municipalities. Transport sector support included financing for
Serbia Voz to purchase sleeping cars for international rail
services.


The EBRD also supported Serbia’s energy transition, providing
technical assistance for the country’s second renewables auction,
which allocated 645 MW across 10 wind and solar projects,
delivering competitively priced clean energy.


Since entering Serbia, the EBRD has invested more than €10.6
billion through 404 projects, focusing on private-sector
competitiveness, sustainable infrastructure, and the green
economy.