The EBRD said on Thursday that it would support the United Group’s announcement of the 600 million Euros investment in the South-Eastern Europe over the next five years.

Dragan Solak, the founder of the Group and its Board of Directors’ President, said the investment would go into the development of local infrastructure, opening new jobs and creating new business’ opportunities.

Solak and the EBRD President Sir Suma Chakrabarti, who hosted the 2018 Bank’s annual assembly and business forum in Jordan, discussed the incentives to the economic growth in the region, the bank’s statement said.

Alain Pilloux, the EBRD Vice President for Banking, said that the “cooperation with the United Group, as well as with the majority shareholder, the KKR, represents a real success story. Our joint commitment to the region and the results so far boost our confidence in new achievements, especially since the United Group continues to invest in the region.”

The EBRD is one of the key investors in South-Eastern Europe with around a billion Euros worth projects annually.

The Bank’s priorities are the regional integration, through the investments into the infrastructure and regional connections in encouraging the economic development and the living standard.

Solak said that “during the last 14 years we build a confidence relation with the EBRD whose support was priceless and helped the United Group to achieve great results and widen the regional economic success.”

The United Group (SBB, Telemach, Total TV) is a leading operator in television, internet, fixed and mobile telephone services in South-Eastern Europe, has grown from a small company Solak founded in 2000.

On Wednesday, at the annual assembly panel, the participants agreed that the United Group was a success story. Solak said that the investment in N1 was meant to create a news service “which is not pro or against anything.”

In April, the KKR group announced a new investment of almost 300 million Euro bringing its total investments in Serbia alone to half a billion Euros which, as Ludo Bammens, Managing Director European Affairs says, will benefit both citizens and businesses in Serbia.