European Bank Loans Serbia €24 Million for Switchover

Serbian public company Emsiona Tehnika i Veze has been loaned €24 million by the European Bank for Reconstruction and Development, to complete the digital switchover. The full amount is unlikely to be spent, as the lowest tender for digital broadcasting equipment received (by a consortium led by Rhode & Schwarz) has been for €10 million. It is thought that, with the loan, Serbia will achieve DSO before the 17th June deadline.