Our impact in Serbia

Through its Green Economy Transition approach, projects are expected to cut over 1,200 kilotons of CO₂ annually – equivalent to 250,000 cars off the road – and €1.5 billion has been committed to green financing. Support to SMEs has been significant: 64 per cent of advised firms hired more staff and 75 per cent grew turnover, generating 4,688 new jobs and €324 million in additional revenues. The Bank also provided €160 million in crisis financing for SMEs during Covid-19. Its investments have strengthened governance, fostered public-private partnerships, and promoted inclusion, skills, and gender equality, driving sustainable and inclusive growth in Serbia

Priority 1: Accelerating Serbia's green energy transition

Priority 2: Enhancing private sector competitiveness, productivity and access to finance

Priority 3: Financing sustainable infrastructure and strengthening regional connectivity

Serbia’s economy has shown moderate resilience, with GDP growth of around 2 per cent in early 2025 supported by robust export performance and rising wages. External demand is helping narrow the trade deficit, while domestic consumption benefits from steady income growth, though remittances are softening. Inflation has eased but remains a challenge for vulnerable groups. Serbia continues to advance reforms for EU accession, but structural gaps in governance, infrastructure, and green transition financing weigh on long-term convergence