EIB supporting SMEs in Serbia with €200mn

By bne IntelliNews July 2, 2021

Serbian Finance Minister Sinisa Mali and the vice-president of the European Investment Bank (EIB), Lilyana Pavlova, have signed a financial agreement worth €200mn which supports small and medium enterprises (SMEs) and mid-cap enterprises with the aim of mitigating the consequences of the COVID-19 pandemic, the government of Serbia announced.

According to Mali, the money will be distributed through the Development Fund to those companies which have not yet received money, in order to mitigate the negative consequences of the pandemic, eKapija reported.

He said that the credits would be issued on very favourable conditions and specified that €110mn is intended for working capital to help maintain liquidity, while €90mn is for investment activities, purchase and procurement of equipment, growth and development of companies, in order to further mitigate the negative consequences of the pandemic.

Related Articles

Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD

Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more

Orban’s new illiberal axis

Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more

Dismiss