Serbia receives EUR 1.5bn under EU funded projects for SMEs development.

By bne IntelliNews August 20, 2010
Serbia received EUR 1.5bn under an EU-funded program to support entrepreneurship development in the country, the economy ministry announced. Some 160 companies have participated in this project, which aimed to support the establishment of innovative and competitive SMEs and development of products that could be offered on the international markets, assistant economy minister Dejan Radulovic said. The project has also contributed to strengthening of the institutions involved in the creation and implementation of the development policy of SMEs, Radulovic added. The representative of the EU Delegation in Serbia, Ferenc Simon said that the EU invested EUR 50mn in Serbia's SMEs sector between 2001 and 2006. A further EUR 9.2mn was invested in 2007-2009 through the EU instrument for pre-accession assistance.

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