Team Europe: the number one partner to Serbia

To modernize the country in normal times or to face crisis in times of emergency, Team Europe – the European Union, the EU Member States and the EU Financial institutions such as the European Investment Fund - is the number one partner to Serbia.

Overall, the European is by far the biggest investor, biggest trade partner and biggest donor to Serbia:

• In the last 10 years EU cumulative Foreign Direct Investments in Serbia stood at EUR 15.4 billion or 67% of total FDIs inflow in that period.
• EU - Serbia trade, accounts for 62% of Serbia's total trade.
• The EU is by far the biggest donor in the country with more than EUR 3 billion in non-refundable assistance in in the last 2 decades, and the trend is progressing: the EU donates currently approximatively EUR 300 million euros yearly to Serbia – money that Serbia will never have to give back.
  

While the European Union is generally the biggest provider of assistance in the world, Serbia itself is actually in the top 3 countries which receive most financial assistance from the EU.

This budget is implemented in full transparency and can all be monitored on the European Union websites.

EU financial assistance and programmes are implemented jointly with Serbia.

Along well-defined priorities, both EU and Serbia decide where and how to put them, so as to make Serbia a more prosperous, sustainable, fair secure and democratic, and prepared to join the Union.

Key sectors of financial support are Education, Agriculture, local development, Research and Innovation, Environment, Transport, Energy, Public Administration, Justice and Rule of Law, but also Health.