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Home/Market News & Opportunities/Market News & Opportunities/EIB: EUR 50 million for SME in Serbia

EIB: EUR 50 million for SME in Serbia

The European Investment Bank (EIB) signed in Serbia two financial agreements with Credit Agricole Group totaling EUR 50 million to support projects in small and medium-sized enterprises (SME) and infrastructure programs which are promoted by the local authorities.

The purpose of the loan is to back Serbia’s efforts to integrate into the EU, reads an EIB statement delivered to Tanjug.

The European Union’s bank continues to support Serbia on its EU pathway and its fast and full integration into the Union.

Two agreements with Credit Agricole Group will improve availability of long-term loans for SME under favorable conditions which will reflect on the labor market and social climate, EIB Vice President responsible for Western Balkans Dario Scannapieco said.

Novi Sad-based Credit Agricole will have EUR 45 million at its disposal, and the remaining EUR 5 million will go to Belgrade-based Credit Agricole Leasing Serbia, the EIB said.

Source Tanjug