Sitemap

EBRD and EU support Serbian small businesses with Banca Intesa Belgrade

More...

Brose To Invest €180m In Serbia

Prime Minister Ana Brnabic talked today with...

Deyana Kostadinova Is The New UNICEF Representative In Serbia

Ms. Deyana Kostadinova is the new UNICEF...

Belgrade Security Forum Discussion: To Remain Committed To Values Amid Crisis

This year the Belgrade Security Forum titled...

News

Brose To Invest €180m In Serbia

Prime Minister Ana Brnabic talked today with Urlich Schrickel, Chief Executive Officer of the Brose Group, which started the...

Deyana Kostadinova Is The New UNICEF Representative In Serbia

Ms. Deyana Kostadinova is the new UNICEF Serbia Representative. Prior to this assignment, she was the Permanent Representative of the...

Coronavirus Digest: Europe Tightens Restrictions To Control Spread Of COVID-19

The Netherlands is going into a partial lockdown for at least four weeks. Meanwhile, Italy has imposed new restrictions...

Belgrade Security Forum Discussion: To Remain Committed To Values Amid Crisis

This year the Belgrade Security Forum titled “No trust – No Peace” is happening under very specific circumstances, deprived...

€16.5 million financings to help improve SME competitiveness and support women entrepreneurs

  • €15 million EBRD financing for investments to upgrade SMEs to EU standards
  • €1.5 million for women entrepreneurs
  • EU incentive investments to accompany loans

 mall and medium-sized enterprises in Serbia will benefit from additional access to finance, thanks to a €16.5 million financing package that the EBRD is extending to Banca Intesa Belgrade (BIB), a long-standing partner of the Bank.

€15 million will be extended for on-lending to SMEs for investments that will implement EU standards and improve the competitiveness of local companies on domestic and international markets. In addition to loans, SMEs will also benefit from investment incentives from the European Union equalling 15 per cent of the loan amount, as well as from advice and know-how to introduce EU standards.

A further €1.5 million will be allocated exclusively for the support of women entrepreneurs. This financing is an extension to a previous €10 million credit line which aims to reach a greater number of Serbian businesswomen.

“It is our great pleasure to sign these two agreements with EBRD and continue our long-standing cooperation to support Serbia’s economic development by securing affordable sources of finance. Small and medium-sized enterprises and female entrepreneurship have great potential to drive sustainable economic growth and to increase employment in our country, which is why Banca Intesa puts a special emphasis precisely on these segments of the economy”, said Draginja Đurić, President of the Executive Board of Banca Intesa.

Zsuzsanna Hargitai, EBRD Regional Director for the Western Balkans, added: “We are pleased to continue our fruitful partnership with Banca Intesa and to provide further financial support to Serbian SMEs and entrepreneurs. This support comes as a comprehensive package of finance, incentives and advice to maximise the positive impact on Serbian small business and strengthen their growth potential.”

Advertising

Related Articles

EBRD Shareholders Elect France’s Odile Renaud-Basso As Next President

The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has elected Odile Renaud-Basso of France as the Bank’s next President. Currently...

Joksimovic and Fabrizi: Progress Report and Economic Package in an Important Moment

Today at the government building, Ambassador Sem Fabrizi, Head of the Delegation of the European Union to Serbia handed over to Ms. Jadranka Joksimovic,...

SME

A Coach and An Inspiration

Italian small and medium-sized enterprises are seen as role models and hubs for sharing knowledge when it comes to the promotion of entrepreneurship among...

Miroslav Lajčák, EU Special Representative For The Belgrade-Priština Dialogue

Time To Bring The Process To An End

The Washington meeting covers previous dialogue agreements and topics currently under discussion in Brussels, already existing EU-financed infrastructure projects and the positions of the...

How We Explored Serbia

Against all odds, it turned out that the pandemic had one positive effect - we spent the summer getting to know Serbia, as the...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting the tourism sector affected by...

The EU Does Not Recognize Belarus Election Results

Members of the European Council held a video conference, at which they discussed the situation after the presidential elections in Belarus on 9 August. "As...

H.E. Sem Fabrizi, Ambassador and Head Of The Delegation Of The EU To Serbia

Constructive Dialogue Needed

The current polarization is not healthy, particularly in a delicate phase when the fight against COVID-19 requires unity. This is the reason why the...
WordPress Image Lightbox