Keepin touch

Whether you have a question, comment, suggestion or any problem in the purview of the government, send us your message and we will try to respond as soon as possible. If your problem is not in our purview, we will forward your message to the relevant institution.

The Government of the Republic of Serbia

In the service of citizens

Competition for loans in underdeveloped areas announced

Belgrade, 25 March 2008

State Secretary of Economy and Regional Development Verica Kalanovic stated that the competition for granting loans to companies and entrepreneurs in underdeveloped areas has been announced today and the total amount of loans to be granted is RSD 2 billion.

Verica Kalanovic at today's press conference

Kalanovic told a press conference that the competition was announced by the Ministry of Economy and Regional Development and the Serbian Development Fund, and added that investors in the 35 most underdeveloped municipalities in Serbia will be able to apply for loans ranging in value from RSD 0.5 million to RSD 2.5 million.

Kalanovic said that loans will be paid off within seven years with an annual interest rate of 1% and a grace period of one year.

She added that interest rates for loan beneficiaries in 23 underdeveloped municipalities will be 2%.

According to Kalanovic, another RSD 250 million loan competition for innovative projects will be announced today. These loans will be repaid over a period of seven years, with a one-year grace period and 1% annual interest rate for investors in the most underdeveloped regions while those in other municipalities will pay 3%.

Kalanovic stressed that these loans are the cheapest ones at the moment on the Serbian financial market.

She stated that the Ministry has prepared a draft law on regional development, which envisages the establishment of a regional development agency, a regional development community and a regional development fund.