The EIB loan will enable 60% of Serbians residents to gain access to the latest 5G network, and extend the benefits of the 4G network to nearly everyone in the country.
The loan from the EU bank will improve the quality of the digital infrastructure in the country, extend the benefits of high-speed internet to mobile and fixed-wireless users living and working in rural areas and boost innovation while increasing the country’s resilience to crises such as the coronavirus pandemic.
The new and improved 5G and 4G networks will enable local companies to offer advanced digital services, increase their competitiveness and productivity, and accelerate private sector development.
Since 2020, the European Investment Bank has invested €195 million in three projects in Serbia supporting the digital transformation, as this is one of the priorities shared by the European Union and Serbia. This includes a €125 million investment in the digitalisation of Serbian schools and small and medium companies.
The Bank is a leading financier of digitalisation projects in the European Union and partner countries around the world.
