EBRD Lends EU80 Million to Serbia’s EPS for Coal Mines

Bloomberg reported that the state-run power company in Serbia has received a loan from the European Bank for Reconstruction and Development to upgrade its coal mines.

The market news is quoted as saying:

The loan, together with an expected 74 million euros from Germany’s development bank KfW, will help Elektroprivreda Srbije, or EPS, buy new equipment for the open pits of its Kolubara mining basin south of Belgrade, the London-based bank said in an e-mailed statement today.

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