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Another €200m to be set aside for SMEs
Belgrade,
11 May 2017
Minister of Economy Goran Knezevic attended today the signing of an agreement that provides €200 million credit support for about 4,600 small and medium-sized enterprises in Serbia, in the framework of the COSME Programme of the European Union.
The agreement was signed by Chairman of the Executive Board of Banca Intesa Draginja Djuric, Executive Director of the European Investment Fund Pier Luigi Gilibert and CEO of UniCredit Bank Serbia ad Csilla Ihasz.
Knezevic said on this occasion that Serbia, just as Europe, draws its biggest potential and strength from small and medium-sized enterprises, which make up 98 percent of businesses, employ two-thirds of workers in the non-financial sector and contribute more than 50 per cent to the GDP of the country.
European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elzbieta Bienkowska noted that this project demonstrates the EU's determination to reach out to small businesses across Europe in order to create jobs.
Serbia is a very important country for me personally, but also for the entire European Commission, she said, adding that our country has friends in Brussels, who are willing to help her.
The contract signed with Unicredit Bank Serbia will provide new lending in the amount of up to €100 million, and the funds will be disbursed over the next three years to about 2,400 small and medium-sized enterprises.
The annex to the contract with Banca Intesa will enable the bank to support another 2,200 small and medium-sized enterprises with an additional €100 million after the successful implementation of a €60 million loan under the contract signed in December 2016.
Knezevic said on this occasion that Serbia, just as Europe, draws its biggest potential and strength from small and medium-sized enterprises, which make up 98 percent of businesses, employ two-thirds of workers in the non-financial sector and contribute more than 50 per cent to the GDP of the country.
European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elzbieta Bienkowska noted that this project demonstrates the EU's determination to reach out to small businesses across Europe in order to create jobs.
Serbia is a very important country for me personally, but also for the entire European Commission, she said, adding that our country has friends in Brussels, who are willing to help her.
The contract signed with Unicredit Bank Serbia will provide new lending in the amount of up to €100 million, and the funds will be disbursed over the next three years to about 2,400 small and medium-sized enterprises.
The annex to the contract with Banca Intesa will enable the bank to support another 2,200 small and medium-sized enterprises with an additional €100 million after the successful implementation of a €60 million loan under the contract signed in December 2016.
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