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

“Yuanisation” of Russian economy continues as volume of yuan trading on the Moscow Exchange rises

The yuan became the third most traded currency in terms of volume of foreign exchange trading on the Moscow Exchange in July and will soon take second place, The Bell reported on August 8. Cut off ... more

Naftogaz to defer eurobond repayments for two years

Ukraine’s largest state-owned oil and gas company Naftogaz has asked bondholders of nearly $1.5bn of bonds to defer coupon payments by two years, Interfax reported on July 12. ... ... more

Ukrainian Railways pays $36mn coupons on its Eurobonds

Oleksandr Kamyshyn, CEO of Ukraine’s state-run railway operator JSC Ukrainian Railways, announced via Telegram that the company had paid coupons on its Eurobonds due in 2024 and 2026 on July 11. ... ... more

Dismiss