EIB Loan Gives Further Boost To Production and Exports

The Serbian auto industry is to receive an EUR80mn credit line from the European Investment Bank (EIB), with the view to boosting exports from the country. The loan is a part of the broader EUR250mn package provided to the country and helps strengthen BMI's view that exports will be the main driver of economic expansion in the country. For the autos industry, the loan is crucial as the Serbian government is looking to improve its manufacturing profile and make its autos industry an exporting hub for European

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