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Foreign Investors Council
47, Gospodar Jevremova Street, IV Floor, 11000 Belgrade, Serbia
Phone: +381 11 3281 958, 3281 965
e-mail: office@fic.org.rs

MENI

Member News

15. October 2019.

EBRD OFFERS LOANS OF EUR 40 MN TO SERBIAN SMES, EU TO PROVIDE GRANTS

The European Bank for Reconstruction and Development (EBRD) yesterday presented its new Program for Boosting the Competitiveness of Small and Medium-sized Enterprises (SMEs) in Ser-bia, through which it will offer EUR 40 mn in loans, while the EU will provide additional support to SMEs through grant incentives worth 15% of the total investment.

That means the EU grants will amount to EUR 6 mn within this project. The funds are already being distributed through Banca Intesa and UniCredit Bank. Five projects worth some EUR 2.5 mn have been approved so far. “This project contributes to the higher competitiveness of Serbian businesses. The aim is to increase sales and develop new products for the market, as well as to improve the business envi-ronment,” said EBRD Regional Director for the Western Balkans Zsuzsanna Hargitai, adding that through the project, SMEs would be encouraged to increase their own investments.

Source: Executive Newsletter

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