September 18 (SeeNews) - Serbia plans to use the proceeds of a 60 million euro ($70.1 million) loan from the European Investment Bank (EIB) to expand the Science Technology Park in Belgrade, prime minister Ana Brnabic said.
The government intends to construct new buildings for the Organisational Sciences Faculty and the Physics Faculty of Belgrade University, as well as a new laboratory for the Faculty of Electrical Engineering, Brnabic said in a statement on Monday.
Moreover, the Serbian government plans to establish a scientific investment fund next year, Brnabic said during a meeting with the EU commissioner for digital economy and society, Mariya Gabriel.
The European Union (EU) plans to invest 1.5 million euro in the development of the Science Technology Park in Belgrade as of next year, Gabriel said during the meeting.
The Science Technology Park in Belgrade, established by the Serbian government three years ago, is primarily intended for growing high-tech development companies, small businesses and start-ups.
($ = 0.855704 euro)