Signing of the agreement with the European Investment Bank for a loan intended for science and development of technology

An agreement was signed at the Serbian Academy of Science and Art between the Ministry of Finance and the European Investment Bank for a loan intended for development of infrastructure of research institutions in Serbia.
The President of Serbia, Mr. Boris Tadic, addressed the present emphasizing that this is a first loan of this type in the region and reflects the courage and decisiveness of the Government to overcome by technological advancement and investment in science the consequences of the economic crisis and rank Serbia among the developed countries of Europe.
The loan assets will also be used for the return of the scientists from abroad, construction of housing for scientists, completion of reconstruction of Petnica, Botanical Garden and Faculty of Electrical Engineering.
The present audience was addressed on behalf of SASA by Ljubisav Rakic who talked about the Strategy of Scientific and Technological Development of Serbia and the Law on SASA which is in the process of enactment.