EIB to lend Serbia EUR 250mn to support exports.

By bne IntelliNews April 5, 2011
The European Investment Bank (EIB) will provide Serbia with a credit line of EUR 250mn earmarked for boosting the country's exports, deputy PM in charge of EU integration Bozidar Djelic said as cited by Tanjug. The facility, called Apex 4, will allow local companies access to funding under favorable conditions and without additional mortgages, Djelic said. Some EUR 80mn from the credit line will be used to support the local automotive industry, Djelic added. The EIB has approved around EUR 3bn in loans to Serbia since 2001.

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