Serbia to receive EUR 850 million from EU preaccession funds

The EU has set aside some 850 million EUR for Serbia from its preaccession funds, Adriano Martins, Deputy Head of the EU Delegation to Serbia announced. Stating that in November, the Commission will be deciding on concrete projects to compete for the funds, he praised the efforts of Serbia to have as many projects prepared and adopted by that time. Depending on the progress in Serbia’s compliance with EU standards, the EU expects significant funds to be transferred in 2011 and 2012, he said.