14/10/2019

EBRD and EU boost competitiveness of Serbian firms

Small and medium-sized enterprises (SMEs) in Serbia will be able to boost their competitiveness thanks to a new EBRD programme combining targeted and grant-supported investments.

The EBRD SME Competitiveness Programme is providing a €40 million credit line that two local partner banks, UniCredit and Banca Intesa, will offer to local SMEs. In addition, borrowers will be able to benefit from European Union grant incentives worth 15 per cent of the total investment.

On successful completion of the investment project, SMEs will be eligible for a cashback grant of 15 per cent, which will significantly reduce the costs of their investments.

In addition, SMEs will have access to EBRD advisory support, which is funded by the EU.

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