Serbia has become one of the most important investment destinations for the European Bank for Reconstruction and Development in Southeast Europe. The institution has now invested more than €10 billion in Serbia across over 400 projects, making it the largest international financial investor in the country.
In 2025 alone, the EBRD committed more than €800 million in new investments, marking the third consecutive year that annual funding exceeded this level. Approximately 84 % of the investment volume was directed toward private-sector projects, underscoring the bank’s focus on strengthening the competitiveness of Serbian companies.
The investments span multiple sectors including infrastructure, renewable energy, banking and industrial modernization. One of the EBRD’s core priorities in Serbia is improving access to finance for small and medium-sized enterprises, which account for the majority of employment and economic output in the country.
The bank’s strategy also emphasizes the green transition, supporting renewable energy auctions, energy efficiency programs and modernization of district heating systems. These investments align Serbia’s energy sector more closely with European climate policies while improving long-term energy security.
The sustained flow of international development financing highlights Serbia’s importance within the Western Balkans investment landscape.
