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Minister: Russia to invest 5 bln euros in non-energy projects in Serbia over 3 years

December 14, 2013, 6:13 UTC+3 14
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BELGRADE, December 14 (Itar-Tass) - Russia’s investment in various projects in Serbia except for energy ones over three years to come will exceed five billion euros, Russian Energy Minister Aleksandr Novak said after the 12th meeting of the inter-governmental committee for trading, economic, scientific and technical cooperation.

Novak, the committee’s co-chairman for Russia, said the funds will be funnelled into the final phase of the railway upgrade project and a joint project of the company Rosatom Overseas (a subsidiary of the state-run corporation Rosatom) with its research centre Vinca for building a radiopharmaceuticals plant.

“Also on the agenda there are joint projects with Russian companies for building and upgrading thermoelectric power plants and hydropower plants,” Novak said.

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