31 March 2010

BELGRADE - Minister of Environment and Spatial Planning Oliver Dulic stated today that the Fund for Environmental Protection will issue €400,000 loans to those interested in investing in businesses related to environmental protection.
Speaking at the Green Serbia conference organised by Biznis Info Group, Dulic called upon those interested to find profitable ways of investing in waste processing and recycling.

The Fund has revenues of €100 million and these funds will be available solely for investment in environmental protection, he said.

Besides the €400,000 loans, 20% of the funds will be used for subsidising every commercial loan obtained for business related to environmental protection, said the Minister.

During 2009, the Ministry of Environment adopted a set of laws and 300 sub-laws, including an eco tax on electronic products which will become payable from April 1.

A law on communal activities will be adopted soon, said Dulic.

Environmental legislation has made it possible to establish a new industry – recycling, which will become an important part of the economy and create new jobs, said the Minister.

Source: EkoForum