Agreements SACE - 24 May 2024

SACE signs two financial agreements worth a total of € 400 million to boost Italian exports in Serbia

SACE, the Italian insurance-financial group controlled directly by the Ministry of the Economy and Finance, has signed two financial agreements worth a total of 400 million euros during the Italy-Serbia Business Forum. The event was attended by the Italian Minister of Foreign Affairs and International Cooperation, Antonio Tajani, and the Prime Minister of the Republic of Serbia, Milos Vučević.

The first agreement involves a 200 million euro financing line guaranteed by SACE in favor of the Republic of Serbia represented by the Government of the Republic of Serbia, acting by and through the Ministry of Finance. This financing aims to support Serbia's development plans and strengthen commercial relations in the sectors of transport, tourism, telecommunications, energy, and IT, with the goal of facilitating Italian companies' access to the Serbian market.

The second agreement, signed with Telekom Serbia, entails an up to 200 million euro financing guaranteed by SACE to enhance commercial relations with Italian exporters active in ICT services, commercial distribution, and the buying and selling of television rights.

The agreements were signed by Alessandra Ricci, CEO of SACE, Ms. Dubravka Đedović Handanović, Minister of Mining and Energy for Serbia, and Vladimir Lucic, CEO of Telekom Serbia. These initiatives are part of SACE's Push Strategy, a program designed to open new opportunities for Italian companies, particularly SMEs, by strengthening their position in the supply chains of major foreign buyers benefiting from medium-to-long-term financing guaranteed by SACE.

"Serbia represents a market with great potential for our companies, and today's agreements will strengthen their position in key sectors for the country's development. Specifically, the green transition, telecommunications and tourism are areas where Made in Italy, with SACE's support, can make a significant contribution" said Alessandra Ricci, CEO of SACE.

SACE is present in Belgrade with an office with the aim of supporting Made in Italy by assisting companies wishing to penetrate or reinforce their presence in Serbia and the Balkans, with all the financial tools, experience and expertise of SACE, combined with the added value of a physical presence on the ground.

Italian exports to Serbia grew by 5.6% in 2023, surpassing 2.3 billion euros. 

Documents

Download CS Push SACE - Serbia ENG
pdf 213 KB
Would you like more information?
Contact us +39 06.6736.888 [email protected]

Ultimi comunicati

Agreements SACE - 05 March 2025
PIF and SACE sign MoU for up to $3 billion to promote Italian companies’ engagement in Saudi Arabia
The MoU focuses on providing financing support for cooperation between Italian companies in the private sector and PIF and its portfolio companies It represents a continuation of PIF’s strategy to build and maintain strong relationships with leading international financial institutions and further diversifies its range of financing instruments The MoU will contribute to facilitating Italian companies’ businesses with Saudi Vision 2030 projects
Deals & Products SACE - 24 February 2025
SACE and AMEA Power L.L.C. sign collaboration agreement to develop projects in Africa and the Middle East under the ‘Mattei Plan’
The collaboration, for an amount up to 250 million dollars, aims to facilitate the exports from Italy and the internationalization of Italian companies and develop projects in Middle East and Africa, focusing on strategic sectors such as renewable energy production, water and desalination, green ammonia and green hydrogen production.
Deals & Products SACE - 24 February 2025
SACE and Metito Utilities strengthen cooperation between Italy and United Arab Emirates for Africa under the ‘Mattei Plan’
The collaboration aims to sustain, for an amount up to 100 million dollars, the development of initiatives strategically placed to invest in water projects in Africa with additional opportunities for Italian businesses in strategic sectors such as water, wastewater, desalination, waste-to-energy projects.