Q:
A:
RSD 1bn for economic recovery of flooded areas
Belgrade,
14 June 2014
The Serbian government decided at its session today to set aside RSD 1 billion for economic recovery of the flooded areas.
The funds will be approved, through the Serbian Development Fund, to companies for the purchase of the new and repair of the damaged equipment, rehabilitation of facilities and the financing of working capital.
The loans will be approved to the amount of the estimated damage, with a 7-year repayment period for investment loans and up to 4-year repayment period for loans for working capital.
The interest rate will be 1.5% annually, while the maximum amount for a single user with related parties can go up to RSD 1.85 million and cannot exceed the amount of the estimated damage.
This programme, with detailed criteria and procedures, will be published on the website of the Serbian Development Fund.
The loans will be approved to the amount of the estimated damage, with a 7-year repayment period for investment loans and up to 4-year repayment period for loans for working capital.
The interest rate will be 1.5% annually, while the maximum amount for a single user with related parties can go up to RSD 1.85 million and cannot exceed the amount of the estimated damage.
This programme, with detailed criteria and procedures, will be published on the website of the Serbian Development Fund.
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