September 21 (SeeNews) - Serbia will receive a 1 billion euro ($1 billion) loan from the United Arab Emirates at an interest rate of 3%, finance minister Sinisa Mali said.
Serbia will save $40-45 million on interest alone, which will help pay back loans due in January, Mali said, as quoted in a press release posted on the government's website earlier this month.
Mali added that the loan will help Serbia overcome the current crisis with as few negative consequences as possible.
($ = 1.00854 euro)