PM Mirko Cvetković says small and mid-sized enterprises will be approved the first installment of the European Investment Bank (EIB) loan of EUR 250mn.
The funds will be given “via home business banks” next week, said Tanjug in its report.
The loans for the SME will be approved “at rather favorable interest rates”, siad the prime minister in parliament on Thursday, adding that the reimbursement period would be seven years, and stressing that “one of the main problems of the domestic economy was a lack of favorable loans”.
The government will encourage the SME to export in cooperation with the Post of Serbia, which will introduce a simplified procedure for packages whose value is under EUR 1000 for which the exporter will need to fill in only two forms, Cvetković recalled.
Cvetković called for the local taxes which are set by municipality and cities to be adjusted to the SME financial abilities.
Cvetković recalled that the government adopted Thursday a regulation which will limit the financial obligation maturity to 60 days that should also help the development of SME in Serbia.
