Serbia does not need EU’s favourable loans

Serbian President Aleksandar Vucic said in response to opposition criticism on Thursday (23 April) that the European Commission did not offer Serbia financial aid but favourable loans intended for countries with balance of payments difficulties, which, according to him, Serbia does not have. 

Earlier the same day, the Party of Freedom and Justice condemned the Serbian authorities’ decision to decline European Commission aid worth hundreds of millions of euros and accused the government of borrowing from “sheikhs” because nobody oversees the spending of that money, which is not the case with EU funds. 

“This is the best example of ignorance. And not only of ignorance, but of ill intentions with some, and the desire of others to ingratiate themselves with certain people so as to turn them against Serbia’s government bodies,” Vucic said.

The president also said that he is glad Serbia is not on the same list as Ukraine, Bosnia and Herzegovina, Tunisia, Albania, Kosovo and North Macedonia.

“Why take 600 or 700 million more than we need? We already took €200 million. We declined €1.2 billion from the International Monetary Fund, and I’m proud we did,” Vucic said.

When asked about when the currently postponed elections will be held, Vucic said it is not something he wants to deal with at the moment.

“Some people (the opposition) say I keep postponing elections because I fear an election fiasco, and others say I’m rushing them because I want to ride the coronavirus wave. Come on, folks, make up your minds,” the president added. (

Subscribe to our newsletters