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June 05, 2003 - Thursday |
Loan for reconstruction of energy sector worth €70 million
June 05 (IIS, Ekonomist/RTS) - The Council of Ministers sent to Serbia & Montenegro Parliament draft Law governing the EIB’s loan for reconstruction of energy sector worth €70 million.
A part of loan, €59 million is dedicated to Serbia, other part, €11 million to Montenegro. Maturity term is 20 years, grace period 5 years.
Loan would be realized in several installments, with €3 million in each rate. Interest rate of each installment would be defined 2 days before its release.
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