News Column

Serbia: EUR 150 Million for SMEs

January 20, 2014

BRUSSELS , Jan. 20 -- The European Union's European Investment Bank issued the following news release: The European Investment Bank (EIB) and the Ministry of Finance of the Republic of Serbia have signed in Belgrade a EUR 150 million loan aiming at financing small and medium enterprises (SMEs) and other infrastructure projects. This is the first part of a total EUR 500 million credit lines ("Apex loan") aimed at sustaining the Country's economic recovery and helping the path of Serbia towards integration with the European Union . The operation is intended to support SMEs, Mid-caps and small and medium scale infrastructure projects as well as investments of local authorities, in particular in the fields of environmental protection and improvement, rational use of energy, infrastructure, including health and education, industry, tourism, trade and services. The loan will be channeled through local financial institutions, with the National Bank of Serbia (NBS) acting as the Agent to the loan facility. This is the fifth Apex operation in Serbia since 2000. The last one totaling EUR 250 million was successfully allocated between 2011 and 2013 in support of SMEs and Mid-caps. TNS 30FurigayJane-140118-4607954 30FurigayJane


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools