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A:
Agreements on crediting exporters signed
Belgrade,
25 November 2005
The Agency for Export Insurance and Financing today with representatives of six companies signed agreements on short-term loans with a total value of around €1.6 million, which the Serbian government will use to assist exporters.
Mladjan Dinkic
Author:
Fonet
Serbian Minister of Finance Mladjan Dinkic, who attended the signing of the agreements, explained that these loans have an interest rate between three and five percent, and a repayment period of up to six months. The aim is to assist the prominent domestic exporters.
Exporters are eligible if they export goods worth more than €1 million on annual basis and if at least 51 percent of their export is of domestic goods.
Dinkic specified that the agency has €9 million in available capital this year, which is a considerable sum since only one month is left until the end of the year.
Dinkic said that next year the state will assist exporters with larger sums and will prepare a programme of support to Serbian direct investment in neighbouring countries. He recalled that export in the first nine months of the year has been increased by 40 percent, growing by €50 million on the monthly level.
Exporters are eligible if they export goods worth more than €1 million on annual basis and if at least 51 percent of their export is of domestic goods.
Dinkic specified that the agency has €9 million in available capital this year, which is a considerable sum since only one month is left until the end of the year.
Dinkic said that next year the state will assist exporters with larger sums and will prepare a programme of support to Serbian direct investment in neighbouring countries. He recalled that export in the first nine months of the year has been increased by 40 percent, growing by €50 million on the monthly level.
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