Supporting the effort to strengthen the economic developments and better diversify the economies of the Eastern Partnership countries that have decided to deepen their association and integration with the European Union, the European Investment Bank and the European Commission signed on 19 December 2016 the Delegation Agreement for the DCFTA (Deep and Comprehensive Free Trade Area between the EU and Ukraine, Georgia and Moldova). The Delegation Agreement foresees the provision of EUR 2.8 million for risk capital operations, EUR 7.8 million for technical assistance and EUR 49.7 million for guarantees through the EIB and the European Investment Fund. The implementation of the agreement will start immediately and run until December 2021.
EIB Global helps improve air traffic control system in Serbia and Montenegro
The European Investment Bank (EIB Global) will provide a €25 million loan to upgrade the air navigation control system in Serbia and Montenegro. State-of-the-art equipment and software will enable SMATSA, the air navigation service provider in both countries, to implement the highest operational and safety standards, ensuring interoperability and optimising flight routes. The project aims to make air traffic management over Serbia and Montenegro more efficient, improving safety and delivering environmental benefits to European air travel.