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📍 Belgrade, July 16, 2025 — The European Bank for Reconstruction and Development (EBRD) has extended its support for Serbia’s tech sector by providing a €60 million loan to HTEC, a Belgrade-founded engineering and AI-driven digital product development firm. The financing will fuel strategic acquisitions aimed at expanding HTEC’s presence in key global markets.
💼 Growth Through Strategic Investment HTEC’s partnership with the EBRD began in 2020, with co-financing from the Enterprise Expansion Fund (ENEF) supporting its acquisition of Execom. A second credit line in 2022 advanced its M&A strategy, enabling the company to acquire firms such as SYRMIA (Serbia), Eesy Innovation (Germany), and CertiCon (Czech Republic).
🌍 Regional Impact and Global Reach HTEC has grown from a local start-up into a global engineering powerhouse with over 2,500 employees across North America and Europe. The company plans to use the new funds to deepen its AI capabilities and expand its European footprint, reinforcing its role as a regional tech leader.
🗣️ Leadership Commentary
- Matteo Patrone, EBRD Vice President of Banking: “We are proud that our early support helped HTEC evolve into a top technology firm and global force in engineering services.”
- Dusan Kosic, HTEC President: “This financing will help us scale our strategic accounts, talent pool, and niche capabilities across new markets.”
🏗️ EBRD’s Broader Commitment The EBRD has invested over €10 billion in Serbia through 382 projects, focusing on private-sector competitiveness, green economy transition, and sustainable infrastructure.
For full details, see the EBRD announcement and Yahoo Finance coverage.
