German DEG May Invest EU800 Million in SE Europe, Tanjug Says

Deutsche Investitions und Entwicklungsgesellschaft mbH, a member of KfW Bankengruppe, may invest 800 million euros ($1.06 billion) in agriculture and the food industry in Serbia and other countries in southeastern Europe, Tanjug newswire reported, citing a company director.

Such investment would equal 15 percent of DEG’s current portfolio and follow its 300 million euros in existing investments in the region, the report quoted Franz-Josef Flosbach, the director for Europe, Middle East and Central Asia.