Belgrade, Feb 25, 2004 - The European Union said it will set aside €1.5 million to finance the European Bank for Reconstruction and Development (EBRD) Turn Around Management (TAM) Programme in Serbia which aims to help 25 potentially viable companies modernise operation.
The European Agency for Reconstruction (EAR) and EBRD have recently signed the €1.5 million two-year agreement whose long-term goal is to help Serbia recover its economy.
As part of TAM, due to be launched in March this year, EBRD will set up a team of international senior advisors and technical experts for Serbia to select the 25 companies to be included in the programme.
The team will help the local companies adjust to a market economy, restructure, prepare and implement three-year business plans and develop market strategies to sell their products and services both in the local and global market.
With TAM projects having been successfully implemented in the rest of Europe, EAR believes that the programme will be very helpful to Serbia as well.
