EIB to lend 500 mln euros to Fiat Serbia JV

Newswire

SARAJEVO, Jan 26 (Reuters) - The European Investment Bank (EIB) said on Tuesday it would lend 500 million euros ($684 million) this year to a Serbian joint venture with Italian carmaker Fiat in the central town of Kragujevac. The loan would help modernise and expand production capacity of the Fiat Automobili Srbija (FAS) and includes investments into civil works, equipment and machinery, as well as infrastructure, the EIB said. It said the loan would increase FAS's production capacity, ...

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